Investors closely monitored efforts in Washington to negotiate a new virus relief package. Brent crude oil prices rose to the highest level since March 6, supporting shares of Exxon Mobil (+2.9%) and Chevron (+2%). American International Group shares tumbled 7.5% after posting a US$7.9 billion loss. Ralph Lauren shares dropped 4.4% after quarterly revenue plunged due to a slowdown in global demand for luxury goods. Shares of Microsoft -which is looking to buy short-video app TikTok's US operations -fell 1.5%. Netflix shares gained 2.2%. The Dow Jones index rose by 164 points or 0.6%. The S&P500 index lifted 0.4% and the Nasdaq index lifted 38 points or 0.4% to a record close.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Morning Report 27 Apr 23: Wall St battles bank concerns as tech earnings beat expectations
Market Close 26 Apr 23: ASX 200 slides for 4th day
Morning Report 26 Apr 23: Wall Street ends lower as weak company earnings fan fears of an economic slowdown
Morning Report 24 Apr 23: US sharemarkets inched ahead on Friday assisted by positive economic data.
Market Close 21 Apr 23: ASX 200 slips for 2nd day
Morning Report 21 Apr 23: US sharemarkets were weaker on Thursday
Market Close 20 Apr 23: Aussie market ends flat for 2nd straight day
CommSec Insights 20 Apr 23: The Week Ahead
Morning Report 20 Apr 23: US sharemarkets were mixed on Wednesday
Market Close 19 Apr 23: ASX 200 stays close to 2-month high
Morning Report 19 Apr 23: US sharemarkets were flat on Tuesday
Market Close 18 Apr 23: ASX 200 eases from 2-month high
Morning Report 18 Apr 23: US sharemarkets rose by around 0.3% on Monday
Morning Report 17 Apr 23: US sharemarkets fell by around 0.4% on Friday
Market Close 14 Apr 23: ASX 200 approaches 2-month high
Morning Report 14 Apr 23: US sharemarkets posted solid gains on Thursday
Market Close 13 Apr 23: ASX 200 falls, breaking 2-day winning streak after jobs report
CommSec Insights 13 Apr 23: The Week Ahead
Morning Report 13 Apr 23: Wall St ends lower as Fed Minutes spark caution
Market Close 12 Apr 23: ASX climbs for the 2nd straight day
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast