Market Updates

The S&P 500 rose slightly Tuesday, as Treasury yields fell for a second day. A rally in semiconductor stocks lifted the Nasdaq Composite.
The broader index gained 0.32% to close at 7,677.28, while the Nasdaq Composite advanced 0.66% to 26,151.30. The Dow Jones Industrial Average was up 160.24 points, or 0.3%, to close at 53,577.40 and notch its third straight winning session. 
Bond yields slid, with the benchmark 10-year Treasury note yield falling more than 7 basis points to 4.625%. Yields also retreated Monday after CNBC reported that the Treasury Department could use its $1 trillion General Account to fund bond repurchases. On Tuesday, West Texas Intermediate crude futures dropped more than 3%.
Chip stocks rallied ahead of Nvidia’s results due out after the close on Wednesday. Shares of the Jensen Huang-helmed company were up 2%, snapping a seven-day decline. Advanced Micro Devices and Micron Technology added 4.9% and 2.5%, respectively.
Consumer names were a notable laggard, with shares of Dick’s Sporting Goods plunging 30% following disappointing results.
SPI up 29 - WOW - FLT Results.
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The ASX 200 rose 62 points today to 9,165 as the banks rebounded, with CBA slightly higher and NAB up 0.6%. The Big Bank Basket rose to $266.31 (0.3%). We also saw gains in other financials, with SUN bouncing hard, up 8.0%, and IAG also doing well. MQG had a good day, up 1.7%, and we saw ZIP also doing well, together with AMP. The REITs were slightly mixed, with GMG up but SCG down 2.5% and VCX down 2.7%.
Industrials were better today, with a slight rebound in retail stocks as JBH rose 1.9% and LOV also having a good day, with WOW up 0.8% and COL doing well on the back of its results. Meanwhile, tech stocks bounced, with XRO up 2.6% and WTC adding to recent gains, with others in the tech space rallying too. Healthcare was once again in favour, with CSL pushing up another 2.7% and RMD up 1.7%, although PME dropped 1.5%.
Resources were a little mixed today, although BHP continued to hit record highs, up 0.8%. RIO was also doing well. Gold miners were slightly mixed, with the bullion price pushing a little higher and EVN up 1.0%. Lithium stocks were a little depressed today, with PLS falling hard after a good run yesterday and LTR also falling 8.7%.
Oil and gas stocks eased, with both WDS and STO falling 1.4%. Once again, we have seen increased interest in uranium stocks, with PDN up 2.2% and DYL up 5.6%.
In corporate news today, AZJ rose 1.6% after announcing a $250m buyback. ARB strutted its stuff, up 13.9% on better numbers. COL jumped after net profit rose only 1%. SDR plunged 11.0% on its results, while EOS jumped 23.0% higher on better-than-expected numbers and MND fell 12.0% after its numbers missed expectations. NAN was also in the doghouse as it missed expectations, falling 17.1%.
Asian markets were mixed, with Japan up 0.3%, Hong Kong down 0.3%, China down 0.1%, Kopsi up 0.4%, and US futures were narrowly firmer, with the Dow down 6 points and the Nasdaq up 120. PCE data today. European futures pushing ahead. 
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The S&P 500 fell slightly on Monday as a drop in key technology stocks overshadowed a move lower in Treasury yields.
The broad market index fell 0.28% to 7,652.86, while the Nasdaq Composite lost 0.76% and closed at 25,980.19. The Dow Jones Industrial Average gained 140.15 points, or 0.26% to 53,417.16.
Declines in chip stocks weighed on the broader market. Micron Technology shed 5.8%, while Advanced Micro Devices and Broadcom pulled back more than 3% and 2%, respectively. The iShares Semiconductor ETF (SOXX) slid 2.7%.
SPI up 13 - Results in focus - WDS - Resources to ease perhaps - Gold up a little.
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The ASX 200 rose 44 points today to 9103 (0.5%), as once again we saw resources push ahead. The big Australian BHP hit a new record high today, up 3.0%, as the market continues to warm to the copper story and passive flows stoke the fires. Elsewhere, we saw good results from PLS ignite the lithium space, up 7.9%, with LTR up 4.3% and MIN up 4.2%. Even S32 had a good day, rising 3.7%, and the gold miners were firm yet again, with NST up 1.8% and NEM up 2.4%. Not all resources rose, as we did see the oil and gas space give up some recent gains, with WDS down 0.9% and STO down 1.8 %. However, uranium stocks had a good session, with PDN up 10.6%.
Industrials had a mixed day, with utilities easing. Tech stocks rose, with WTC up 2.7% and XRO up 2.0%, but retail was mixed, as JBH fell 1.1% and KGN stumbled following its recent results announcement. Once again, the banks were under pressure, with CBA down 0.7% and NAB down 0.4%, with other financials mixed. The Big Bank Basket fell to $265.49 (-0.6%). MQG eased 0.2%, while insurers fell, with QBE going ex-dividend. Healthcare stocks were marginally better, with CSL up 0.5% and PME up 1.0%.
Plenty of corporate news around today, with RPL falling  2.8% after its founder announced plans to retire. EVT climbed 8.9% after it said it was exploring a sale of non core assets. ABY was certainly in the eye of the beholder after a turnaround, while VGN was unchanged, despite news of a private equity sell-down. There were some casualties today, with results from EDV falling 4.7%, while NHF dropped 9.1% after a fall in full year net profit.
Nothing of note on the local economic front today. Asian markets were mixed, with Japan up 0.2%, Kospi down 3.1%, Hong Kong down 2%, China down 0.9%, and US futures were weaker, with the Dow down 42 points and the Nasdaq down 229. Yields back in focus.
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Wall St rose Friday but still posted its first losing week in a month. Dow Jones up 518 points. S&P 500 up 0.43%. Nasdaq up 0.43%, snapping a five-day losing streak. Russell 2000 up 0.85%. VIX down 5.44%. SOX down 0.5%. Mag7 up 0.6%. SaaS up 1.4%.
ASX set to rise. SPI futures up 41 points or 0.46%. Gold up - Commodities firm - Results in focus.
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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 
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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.