The All Ordinaries (INDEXASX:XAO) finished the week on a positive note, gaining 0.1%, once again on the back of a rally in the energy and utilities sectors, which gained 1.3% and 1.6%.
S&P/ASX 200 (INDEXASX: XJO) fell 0.1 per cent on Tuesday with Beach Energy Ltd (ASX:BPT) going down. Buffett has bought into Taiwan’s TSMC.
US stock markets will offer a negative lead for the S&P/ASX 200 (INDEXASX: XJO) today as all three benchmarks finished lower overnight.
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.
After nearing a bear market, all three US stock markets are showing signs of recovery, led by the Nasdaq which gained 2.8% overnight.
US stock markets had a poor night, as growing fears of a Russian invasion of Ukraine outweighed good news on the economic front.
John Garrett is a Portfolio Manager at MA Financial Group Ltd (ASX: MAF) (formerly Moelis Australia) and shares investing wisdom on his website, mastersinvest.com. He joins Raymond Jang on The Australian Investors Podcast to share his investing knowledge and lessons with our investing community.
US stock markets were higher overnight after the release of a better than expected retail sales result.
US stock markets fell in unison overnight, the Dow Jones down 0.8%, the S&P 500 down 0.7% and the Nasdaq 0.9%.
