AU Morning Wrap: US stocks closed higher on strength in the labor market; ASX opened flat
G'day, mooers! Check out the latest news on today's stock market!
• U.S. stocks closed higher on strength in the labor market
• Australia shares opened flat on Monday; ASX 200 down 0.08 per cent
• Stocks to watch: AUB Group, Iluka Resources
- moomoo News AU
Wall Street Summary
US stocks ended a choppy session with a late up-swing as energy prices retreated and investors bet softer-than-expected employment data was still strong enough to maintain the economic recovery.
The $S&P 500 Index (.SPX.US)$ climbed 15 points or 0.34 per cent on the first session of the new quarter. The $Dow Jones Industrial Average (.DJI.US)$ swung to a gain of 140 points or 0.4 per cent after being down more than 100 points. The $Nasdaq Composite Index (.IXIC.US)$ added 41 points or 0.29 per cent.
AU Market Watch
Aussie shares were set to open higher for the first time in three sessions following a positive finish in the US as investors weighed a jobs miss and a recession indicator. ASX futures rallied 19 points or 0.25 per cent. The S&P/ASX 200 broke its longest winning run of the year with back-to-back losses at the end of last week.
Australia shares opened flat this morning. The $S&P/ASX 200 (.XJO.AU)$ lost 0.08 per cent to 7494 as of 10:26 pm.
AU Market Watch
Aussie shares were set to open higher for the first time in three sessions following a positive finish in the US as investors weighed a jobs miss and a recession indicator. ASX futures rallied 19 points or 0.25 per cent. The S&P/ASX 200 broke its longest winning run of the year with back-to-back losses at the end of last week.
Australia shares opened flat this morning. The $S&P/ASX 200 (.XJO.AU)$ lost 0.08 per cent to 7494 as of 10:26 pm.
Stocks to Watch
$AUB Group Ltd (AUB.AU)$: AUB Group has confirmed it has been in discussions with Odyssey Investment Partners over acquiring Tysers, a London-based Lloyd’s wholesale insurance broker following media speculation.
$Iluka Resources Ltd (ILU.AU)$: Iluka Resources’ board has approved the final investment decision of the Eneabba Rare Earths Refinery.
Ex-dividend Companies: $Sigma Healthcare Ltd (SIG.AU)$
Dividends Paid Companies: $NIB Holdings Ltd (NHF.AU)$, $Monash IVF Group Ltd (MVF.AU)$
Commodities
• Iron ore is closing in on US$160.
• Oil prices continue to weaken after the Biden administration tapped into Strategic Petroleum Reserves.
• Gold posted slight gains as the 2-year and 10-year Treasury yield curve inverts.
Source: Dow Jones Newswires, Market Index
Ex-dividend Companies: $Sigma Healthcare Ltd (SIG.AU)$
Dividends Paid Companies: $NIB Holdings Ltd (NHF.AU)$, $Monash IVF Group Ltd (MVF.AU)$
Commodities
• Iron ore is closing in on US$160.
• Oil prices continue to weaken after the Biden administration tapped into Strategic Petroleum Reserves.
• Gold posted slight gains as the 2-year and 10-year Treasury yield curve inverts.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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