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The S&P/ASX 200 (INDEXASX:XJO) and All Ordinaries (ASX:XAO) had a strong day Tuesday but the ASX 200 quickly reversed those gains on Wednesday.
A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) gaining 1.9 per cent to begin the week.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday, taking the S&P/ASX200 to a weekly gain of 1.6 per cent. The ASX 200 is expected to open firmly higher Monday morning, according to ASX 200 futures contracts in Sydney.
The S&P/ASX 200 (INDEXASX: XJO) ended Thursday flat but the selloff in lithium stocks has returned once again, with the Pilbara Minerals Ltd (ASX: PLS) share price, Liontown Resources Ltd (ASX :LTR) share price and Lake Resources Ltd (ASX: LKE) share price pushing the commodities sector to a 1.5 per cent loss.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) struggled to maintain positive sentiment on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per cent loss. Crown Resorts Ltd (ASX: CWN) was the one positive for investors.
Australian shares or the S&P/ASX 200 (INDEXASX: XJO) fell 0.6% on Monday despite opening positively, as commodity and energy prices fell across the board. The ASX 200 selloff in energy and materials finished at 5.1 and 4.6 per cent respectively, amid growing concerns about the outlook for the global economy.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) just capped off its worst week since March 2020, falling 1.8 per cent on Friday and dragging the ASX200 down 6.6 per cent for the week. The 6.6 per cent fall in the ASX 200 followed a 4.2 per cent drop in the prior week which now has the index nearing a bear market.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) were as much as 1.1 per cent higher during Thursday’s session following the US Federal Reserve’s decision to hike interest rates. By Friday midday, the ASX 200 was again trading lower, this time down 2%.
On Wednesday, the Australian share market, or S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO), hits its lowest level since 2020. Overnight, however, a firm 0.75% increase in US interest rates allowed the US stock market to bounce 1.5%.
The S&P/ASX 200 (INDEXASX:XJO) and All Ordinaries (ASX:XAO) had a strong day Tuesday but the ASX 200 quickly reversed those gains on Wednesday.
A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) gaining 1.9 per cent to begin the week.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday, taking the S&P/ASX200 to a weekly gain of 1.6 per cent. The ASX 200 is expected to open firmly higher Monday morning, according to ASX 200 futures contracts in Sydney.
The S&P/ASX 200 (INDEXASX: XJO) ended Thursday flat but the selloff in lithium stocks has returned once again, with the Pilbara Minerals Ltd (ASX: PLS) share price, Liontown Resources Ltd (ASX :LTR) share price and Lake Resources Ltd (ASX: LKE) share price pushing the commodities sector to a 1.5 per cent loss.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) struggled to maintain positive sentiment on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per cent loss. Crown Resorts Ltd (ASX: CWN) was the one positive for investors.
Australian shares or the S&P/ASX 200 (INDEXASX: XJO) fell 0.6% on Monday despite opening positively, as commodity and energy prices fell across the board. The ASX 200 selloff in energy and materials finished at 5.1 and 4.6 per cent respectively, amid growing concerns about the outlook for the global economy.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) just capped off its worst week since March 2020, falling 1.8 per cent on Friday and dragging the ASX200 down 6.6 per cent for the week. The 6.6 per cent fall in the ASX 200 followed a 4.2 per cent drop in the prior week which now has the index nearing a bear market.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) were as much as 1.1 per cent higher during Thursday’s session following the US Federal Reserve’s decision to hike interest rates. By Friday midday, the ASX 200 was again trading lower, this time down 2%.
On Wednesday, the Australian share market, or S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO), hits its lowest level since 2020. Overnight, however, a firm 0.75% increase in US interest rates allowed the US stock market to bounce 1.5%.
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