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ASX hits record high; CBA eclipses BHP as Australia’s biggest company
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ASX hits record high; CBA eclipses BHP as Australia’s biggest company

The Australian sharemarket climbed to a record high after four out of every five stocks that comprise the benchmark S&P 500 Index advanced on Wall Street overnight.

  • by Millie Muroi

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ASX notches up healthy session ahead of key US data
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ASX notches up healthy session ahead of key US data

Tech stocks and real estate investment trusts lifted the ASX on Thursday as investors turn their attention to the latest monthly US inflation data.

  • by Millie Muroi
Miners, utilities drag ASX into the red

Miners, utilities drag ASX into the red

The ASX closed out a quiet session in negative territory on the back of a mixed lead from Wall Street, after Fed chair Jerome Powell did little to change the market’s expectations of when the US central bank will cut rates.

  • by Jessica Yun
ASX stages broad-based rally, Telstra jumps after raising prices

ASX stages broad-based rally, Telstra jumps after raising prices

The Australian sharemarket surged on Tuesday after gains in big-name US technology stocks on Wall Street overnight lifted the S&P 500 Index to its 35th record high of the year.

  • by Jessica Yun
ASX dips as slumping iron ore prices hit big miners
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ASX dips as slumping iron ore prices hit big miners

Australian shares fell despite US stocks rising to more records on Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes that interest rates may soon fall.

  • by Staff reporters
ASX inches lower as miners and banks weigh on market
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ASX inches lower as miners and banks weigh on market

Miners and banks dragged the Australian sharemarket lower on Friday despite European stocks rising, as key elections held centre stage and Wall Street closed for the July 4 holiday.

  • by Millie Muroi
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Miners, tech stocks buoy ASX after Tesla boosts Wall Street
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Tesla

Miners, tech stocks buoy ASX after Tesla boosts Wall Street

Miners and tech companies drove the ASX higher after US stocks set records on Wall Street, with Tesla leading the way.

  • by Millie Muroi
Technology, bank stocks buoy ASX; Wall Street braces for inflation report

Technology, bank stocks buoy ASX; Wall Street braces for inflation report

The ASX edged higher as traders looked ahead to a key US inflation report that could influence the Federal Reserve’s next move on interest rates.

  • by Jessica Yun
Consumer stocks drag down ASX as inflation ‘shocker’ dashes rate hopes
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Consumer stocks drag down ASX as inflation ‘shocker’ dashes rate hopes

Consumer discretionary stocks fell sharply after higher-than-expected inflation raised the odds that the Reserve Bank might consider raising rates instead of much-hoped-for rate cuts.

  • by Millie Muroi and Jessica Yun
Energy, mining giants boost ASX, defying Wall Street’s Nvidia slump
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Energy, mining giants boost ASX, defying Wall Street’s Nvidia slump

The ASX closed higher, led by energy stocks and the mining heavyweights, even after further losses by AI giant Nvidia weighed on the US sharemarket overnight.

  • by Jessica Yun
$646 billion wipeout: Wall Street darling makes history with three-day horror show

$646 billion wipeout: Wall Street darling makes history with three-day horror show

Nvidia briefly became the world’s most valuable company last week, but is now in correction territory after a historic slump.

  • by Ryan Vlastelica