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-- 74.180 AU Morning Wrap: Wall Street surged on Fed rate lift; ASX opens higher
G'day, mooers! Check out the latest news on today's stock market !
• Wall Street rallied for a second day
• Australia shares openes higher on Thursday; ASX 200 up 1.44 per cent
• Stocks to watch: Poseidon Nickel, Domino’s, ResMed
- moomoo News AU
Wall Street Summary
U.S. stocks rocketed higher in a volatile session and bond yields jumped to the highest level in almost three years after the Federal Reserve officially said it would raise interest rates for the first time.
U.S. stocks rocketed higher in a volatile session and bond yields jumped to the highest level in almost three years after the Federal Reserve officially said it would raise interest rates for the first time.
The $S&P 500 Index (.SPX.US)$ rose 95.41 points, or 2.2%, to 4357.86. The broad stock-market gauge has risen 4.4% over the past two trading days, the biggest two-day percentage gain since April 2020. The tech-focused $Nasdaq Composite Index (.IXIC.US)$ advanced 487.93 points, or 3.8%, to 13436.55, its best day since November 2020. The $Dow Jones Industrial Average (.DJI.US)$ rose 518.76 points, or 1.5%, to 34063.10.
AU Market Watch
Australia's $S&P/ASX 200 (.XJO.AU)$ is set to extend its gains at the open after US stocks surged following the Federal Reserve raised interest rates for the first time since 2018. ASX futures are up by 1.6%, suggesting the benchmark will add to the 1.6% it has gained so far this week.
Australia shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 1.44 per cent to 7278 as of 10:19 am.
AU Market Watch
Australia's $S&P/ASX 200 (.XJO.AU)$ is set to extend its gains at the open after US stocks surged following the Federal Reserve raised interest rates for the first time since 2018. ASX futures are up by 1.6%, suggesting the benchmark will add to the 1.6% it has gained so far this week.
Australia shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 1.44 per cent to 7278 as of 10:19 am.
Stocks to Watch
$Poseidon Nickel Ltd (POS.AU)$ is set to resume trade this morning. The nickel miner in partnership with Pure Battery Technologies will receive a $119.6m grant from the Australian Government to develop its 'proposed battery material refinery hub'. Govt flagged the grant yesterday.
Ex-dividend Companies
$Domino's Pizza Enterprises Ltd (DMP.AU)$ $ResMed Inc (RMD.AU)$ $Tabcorp Holdings Ltd (TAH.AU)$ $Breville Group Ltd (BRG.AU)$ $APA Group (APA.AU)$ $Alumina Ltd (AWC.AU)$ $Computershare Ltd (CPU.AU)$
Commodities
• Iron ore jumped after China promised to roll out more measures to boost the economy
• Oil continued to lose ground as negotiations progress between Ukraine and Russia.
• Gold is trying to stabilise around US$1,920 as the relief buying favors risk assets.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Moomoo News AU
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