AU Morning Wrap | ASX 200 remains steady; IFL slips following rejection of Bain Capital's takeover bid

The stock market dipped on Tuesday, but tech stocks remain bullish, with the Nasdaq climbing to new highs in December. After hitting a record, the index slipped, along with $NVIDIA (NVDA.US)$ and $Broadcom (AVGO.US)$, following Broadcom's post-earnings rally. By 4 pm ET, the $S&P 500 Index (.SPX.US)$ was down by 0.39%, the $Dow Jones Industrial Average (.DJI.US)$ dropped by 0.61%, and the $Nasdaq Composite Index (.IXIC.US)$ dipped by 0.32%.

On Wednesday, Australian stocks remained stable despite the S&P 500's downturn, with heavyweight banks and mining companies bolstering the market.
The $S&P/ASX 200 (.XJO.AU)$ inched up to 8,319.10 points, registering a slight increase of 0.06%, while the All Ordinaries Index followed suit with a similar 0.06% gain.

As of latest data, $比特币(BTC.CC)$is priced at $106,232.29, up 0.51% in the past 24 hours, while $以太坊(ETH.CC)$is priced at $3,871.97, down 2.80% in the past 24 hours.

$Insignia Financial Ltd (IFL.AU)$ declined 1.25% to A$3.555 as the financial services behemoth spurned Bain Capital's A$4-per-share takeover offer.

$Data3 Ltd (DTL.AU)$'s losses from Tuesday persisted. It dipped 4.19% to A$6.41.

$Vulcan Energy Resources Ltd (VUL.AU)$ climbed 1.4 per cent subsequent to signing an €879 million (1.4 billion) loan commitment with Export Finance Australia and seven commercial banks for its €2.2 billion Phase One Lionheart Project in Germany.

$DigiCo Infrastructure REIT (DGT.AU)$ maintained its upward trend after recouping some of Tuesday's initial losses following last week's listing.

$KKR & Co (KKR.US)$'s A$2.2 billion deal for $Perpetual Ltd (PPT.AU)$'s wealth and corporate trust business faced another hurdle when an independent expert questioned the deal.