Market Updates

The ASX 200 built on a solid open, but as we approached a shortened week next week, the index sold back off to close only 16 points up at 8,908 (0.2%). ASX 200 up 1.3% this week. not a bad effort, all things considered, as it does appear that Australia, given its limited AI exposure, is being bought as a defensive haven currently.
Once again, though, it was a ‘Dickens’ of a market, with the best of times and the worst of times. Resources certainly were experiencing the worst of times, with BHP, RIO, and FMG all losing ground, but the real damage was done in the likes of LYC and PLS as lithium and rare earths once again came under pressure. We did also see the gold miners slip again: NEM down 2.0% and EVN down 2.0%. Meanwhile, uranium stocks saw selling, with oil and gas better, as WDS and STO both rose. Banks held relatively steady, with CBA up 0.2%, but WBC slipping 1.1%. Insurers also gained, led by QBE, and the REIT sector was also back in demand, although GMG slipped 1.1%. Industrials and defensives were back in the shopping cart today, as TLS rose 0.8%, TCL rose 0.9%, and WES led retailers higher, rising 3.6%, with JBH also having a good day, up over 6%. Technology shares were once again under pressure, with XRO down 2.4% and TNE down 1.4%. The All-Tech Index slid 0.8%. Healthcare stocks were looking in rude health again, with CSL up 1.6% and RMD up 0.4% after quarterly results pleased the market.
In corporate news, DXN tumbled 47.2% after a US contract was cancelled. COL slumped 7.7% on sales numbers. 
Nothing on the economic front. US futures lower. 
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Stocks were under pressure Thursday, weighed down by the latest batch of corporate earnings.
The Nasdaq Composite shed 1.38% to end at 26,184.72, while the S&P 500 slipped 0.3% to close at 7,720.39 and snap a three-day advance. The Dow Jones Industrial Average lost 132.54 points, or 0.25%, to 52,342.56.
Alphabet lost 12% after it missed expectations on adjusted earnings per share and revenue in the third quarter. The Google parent posted negative free cash flow of $9.07 billion. The company kept its full-year capital expenditures forecast at $195 billion to $205 billion.
SPI up 32 - Gold eases - Oil up - Yields fall slightly 
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Marcus Today – Daily Market Insights
Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.
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A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast
Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast
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Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Marcus Today – Daily Market Insights
Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.
If you'd like to go further:
Start a free 14-day trial of Marcus Today
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MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast
Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast
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Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Marcus Today – Daily Market Insights
Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.
If you'd like to go further:
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MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast
Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast
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Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.