Marcus Today End of Day Report -Friday 9th July

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ASX 200 closes down 69 points to 7228 (1.6%) as Sydney CV19 numbers head higher. Late rally helping at match out. Alert and alarmed. Dow Futures up 6 points. Losses across the board.  Banks copped it hard as business shut down in Sydney, the Big Bank Basket dropped to $177.89, MQG off 1.9%. Health care in casualty today led by CSL down 1.3% and COH falling on deaf ears down 1.3%, RHC down 1.7%. Industrials squashed, WOW off 1.2%, WES down 1.8%, ALL off 1.0% and TCL down 0.8%. TLS did manage to hold up, one of the few. Tech stocks also under pressure with BNPL stocks in the spotlight after recent strong runs. APT down 5.0% SZL off 8.5% and HUM down 3.0% on some historic issues coming to light. But not in a good way. The All-Tech Index dropped 2.4%. Miners were also in the spotlight, BHP down 0.4%, RIO down 0.6% but amazingly FMG rose 0.7%.  In corporate news, PMV has asked for a meeting with MYR to rid the company of three directors. AD8 rose 6.7% after a business update and VEA up 5.1% on an operational update and guidance.

Have a great weekend.