ASX

Aurizon Holdings (up 1.4 per cent), Bendigo and Adelaide Bank (up 1.3 per cent) and coal miners Whitehaven and Yancoal which gained 0.8 per cent each were the biggest large-cap advancers.The laggardsIron ore heavyweights BHP (down 3.4 per…

A choppy day of trading on Wall Street ended Friday with an uneven finish for the major stock indexes, as mixed economic data stoked worries that the Federal Reserve’s work on bringing inflation to heel isn’t done.LoadingThe S&P 500…

Elsewhere, Wall Street closed out its latest winning month with another tick higher to kick off its week.The S&P 500 added 0.1 per cent to cap its fifth straight month of gains. That’s its longest winning streak in nearly two years, and…

Microsoft, Apple and Amazon each rose at least 1.4 per cent and were the three strongest forces pushing upward on the S&P 500.Companies also continued to deliver stronger profits for the spring than analysts expected. Roughly halfway…

All the data helped keep Wall Street ebullient amid hopes the economy can keep defying predictions for a recession despite much higher interest rates.The Federal Reserve on Wednesday raised its federal funds rate to its highest level in…

Boeing, meanwhile, helped prop up the Dow Jones Industrial Average, which has less of an emphasis on Big Tech than the S&P 500. The aircraft maker reported a smaller loss for the spring than analysts expected, and revenue topped…

UPS, meanwhile, swung between gains and losses after reaching a tentative deal with 340,000 unionised workers to raise pay, which potentially averts a strike. UPS was down 1.2 per centThis week’s other highlight for Wall Street also got…

The wide expectation is that the Fed will raise its federal funds rate again, to its highest level since 2001, as it fights to bring inflation down. But the hope among traders is that will be the final increase of this cycle because…

The Fed is widely expected to raise its federal funds rate on Wednesday to its highest level since 2001. But the hope is that will be the final increase of the cycle because inflation has been cooling since last summer. The federal funds…

Few parts of the sharemarket are attracting as much investor pessimism as discretionary retail, as squeezed households rein in spending. But with so much bad news factored into the retail sector, Ophir senior portfolio manager Andrew…