Market Updates

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A short video series on timing, behaviour, and decision-making. No stock tips.
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The S&P 500 fell on Tuesday, pressured by a run in sovereign bond yields to multidecade highs amid concerns of persistent inflation and elevated oil prices. A pullback in semiconductor stocks also weighed on the broader market.
The broad market index declined 0.69% to 7,691.76 and posted a third consecutive losing session. The Nasdaq Composite was down 1.33% to end at 26,289.71. Western Digital fell 7%, weighing on the Nasdaq. Sandisk dropped 9%. Marvell Technology and Seagate Technology were also down by nearly 8% and more than 9%, respectively. The Dow Jones Industrial Average shed 116.38 points, or 0.22%, and closed at 53,343.40.
The U.S. 30-year Treasury bond yield scored a fresh 19-year high Tuesday. Elsewhere, Japan’s 10-year bond yield reached its highest level in three decades. Germany’s 30-year bond yield hit its highest since 2011, and the French 30-year government bond yield reached its highest point since 2008.
SPI down 24 - Results in focus - EVN - TPW - RBA deputy speaks today.
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
—
Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 fell 3pts to 9,070 in a day dominated by results, with the two biggest contributors to the positive move being BHP, up 2.7%, and CSL, which knocked it out of the park, rising 17.3%.
The market was generally soggy across the board, with few exceptions, mainly focused on companies delivering results that beat expectations. The banks once again came under pressure, with CBA down1.4% and MQG falling 2.0%, while REITs also came under pressure as bond yields remained elevated.
Elsewhere in the industrials, WES dropped 0.7% and TLS fell 1.5%, while both WOW and COL were also in the doghouse. The tech sector was mixed, with WTC rising 2.6% and XRO gaining 0.8%, although TNE fell. Healthcare was the standout sector, with CSL beating expectations and investors happy to believe the company is finally back on track/ COH also had a good day following its results, rising 7.6%.
In resources, it was largely a day of rest, except BHP, which shot the lights out on the back of its increasingly buoyant copper focus, rising 2.7% following its results and an increase in the dividend. RIO fell 0.6%, while FMG was relatively unchanged. Lithium stocks gave back some recent gains, while gold miners also came under a little pressure, with EVN down 1.7% and NST falling 3.1%. Oil and gas stocks edged higher, with WDS and STO both better. Uranium stocks also continued their recent recovery, with PDN up 1.8% and BMN rising 4.7%.
Corporate news was, unsurprisingly, dominated by results and takeover activity. PME performed well following its results, while RWC was in focus following a bid from Brookfield, rising 24.7%. Canadian gold miner OceanaGold also launched a bid for AUC, sending the shares up 24.4%. EML Payments dived17.1%, despite shrinking its full-year net loss to $19.7m. SGM tumbled 11.0%, despite net profit more than tripling in FY26 to $289.1m. EQT jumped 21.6% on news that US private equity group TPG Global had made a $657.9m takeover bid. HUB lost 7.3% after reporting a full-year net profit of $120.2m, beating analyst expectations. Meanwhile, CGF rose 6.5% after flagging a $450m buyback, a special 1.5c dividend and reporting a net profit of $506m.
Nothing on the economic front.
Asian markets were mixed, with Japan down 2.1%, Hong Kong down 0.5%, China down 0.8%, and US futures were narrowly mixed, with the Dow down 114 points and the Nasdaq down 288. European markets poised to open lower. Yields rising across the globe. Gold down $21.
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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Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer
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
—
Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

US stock indices closed lower on Monday amid concerns that elevated oil prices will fuel inflation as hopes for a deal to end the war in the Middle East faded. The S&P 500 fell 0.5%, the Nasdaq lost 0.2% and the Dow shed 273 points. Prospects for peace suffered a setback, with fighting flaring anew and rhetoric escalating. Oil prices rose, rasing concerns that inflation could prompt the Fed to raise rates before the year is over. The 30-year Treasury yield hit its highest level since 2007, reflecting concerns over surging government spending. Credit-sensitive stocks, including financials and hyperscalers, closed lower. Google lost 0.6%, Microsoft was down 3% and Meta shed 3.5%. Berkshire Hathaway lost 1.1%, Visa shed 1.5% and Amex retreated 1.8%. Meanwhile, chipmakers posted gains after strong revenue growth from Anthropic. The company is meeting with banks over a potential IPO, which could be the biggest on record. Micron added 4.1%, Intel gained 1% and Sandisk soared 9%.
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
http://bit.ly/mt-trial-podcast
Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer
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
—
Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 dropped 42 points to 9073 (-0.5%) as once again, the banking sector disappointed, with NAB's results pointing to challenges ahead. The stock fell 4.6%, while ANZ gave back some of last week's gains, falling 2.6%. The Big Bank Basket was down to $277.41 (-1.8%). Financials were generally weaker, with SOL down 1.9%, MQG down 0.5%, and ASX giving back some recent gains. Insurers also slipped, with QBE down1.8% and SUN down 5.1%. REITs came under pressure as bond yields rose, with SCG down 0.8% and SGP down 3.0%.
Industrials were generally weaker, with the retail sector leading the market lower. JBH fell 12.3% following underwhelming results, while WES lost 4.4% and HVN also fell 4.6%. Technology stocks were mixed, with WTC down 2.6%, while XRO managed to rise 0.8%. We also saw some profit-taking in healthcare, with CSL down 1.4% and RMD falling 1.3%.
Holding the market together was the resource sector, with BHP rallying 1.4% ahead of tomorrow's results. The gold sector also performed well as bullion held onto its recent gains, with EVN up 5.2% and NST gaining 3.0%. BSL slipped slightly following its results, while the lithium sector was better again, with PLS the standout, up 4.5%.
Oil and gas stocks also edged higher, while buyers returned once again to the uranium sector, with PDN up 4.2%.
In corporate news, IRE failed to impress despite a lift to profits. Falling 11.6%. AD8 had a great day, up 11.0%, after revealing an underlying loss, with LLC falling 11.2% as it swung to a net loss of $749m in 2026. In economic news, Japanese second-quarter GDP grew 1.1% on an annualised basis.  
Asian markets were mixed, with Japan up 0.5%, Hong Kong up 1.8%, China up 1.2%, and Korea closed US futures were narrowly mixed, with the Dow down 28 points and the Nasdaq up 129. European markets poised to open higher. UK jobs and inflation ahead.
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
http://bit.ly/mt-trial-podcast
Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer
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
—
Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.