Wall Street struggles to find composure amid lingering growth concerns. Nvidia is in the spotlight after reportedly experiencing the largest single-day market cap drop in history. Commodities remain under pressure, including oil, which has slumped to its lowest levels since late 2023. Locally, Aussie shares are expected to open flat on Thursday ahead of a key speech by Reserve Bank Governor Michelle Bullock.

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Laura would rather ‘stare directly into the sun’ than look at the market today.  An odd admission, but one fuelled by the poor performance of the Aussie market which saw significant declines following drops in the US market.  Data out of China also weighed on the market so they discuss this, and look at the local economic data that played a part.  With all 11 sectors down they look at their individual performances, oil prices are in conversation, and they look to what could lie ahead.

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Wall Street took a sharp downturn, experiencing significant sell-offs driven by growth concerns, reminiscent of August's market drop. Nvidia shares plunged 10%, leading chip stocks to their worst day since March 2020. The sell-off also impacted commodity prices, with oil slumping 5% amid hopes for a resolution to the Libyan dispute, and copper falling to a two-week low on concerns about Chinese demand. Meanwhile, Australian shares are expected to decline ahead of key economic growth data.

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It has been a quiet start to the month after a rocky August, with Laura describing the session today as ‘directionless’ with the US market shut.  Laura and Stevie look at the performance of the sectors which was evenly split across gains and declines with materials and consumer staples seeing some losses.  They look at the stocks that caught their eye as CBA hits record highs once again, discuss the large number of stocks trading ex-dividend, and look to what to expect as the US market reopens. 

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Northern hemisphere markets remain neutral as Wall Street celebrates Labor Day. German stocks reached a record high despite its ongoing political uncertainty. Meanwhile, Rightmove shares surged following REA Group's bid, while iron ore experienced its steepest decline in two years. Locally, Aussie shares are expected to open slightly higher, ex-dividend stocks are in focus and the Aussie dollar has risen as the Greenback weakens ahead of the upcoming jobs report.

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It was a mixed performance for the Aussie market today with reporting season having come to a close.  Laura and Stevie reflect on a session which started with declines but gradually clawed those losses back to finish in the green.  They reflect on the performance of the last month and look at the stocks that drove the gains today.  They dive into the performance of each of the sectors, Gold prices are in the conversation, and they discuss the stocks that caught their attention including REA Group and Star Entertainment.

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Wall Street has ended August on a high note, with record highs for the Dow Jones and S&P 500. The U.S market posted its fourth consecutive month of gains as the stock rally broadened ahead of upcoming job data. Earnings growth has been particularly strong in the technology, financial, and healthcare sectors. However, U.S oil prices plunged by 3% as OPEC increased output. This decline, along with falling commodity prices like oil and iron ore, has put pressure on the Aussie market and weakened the Aussie dollar.

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The Aussie market closed flat, but is likely to end August with a slight decline. Reporting season was mixed, with notable movements like Downer rising 17% after a strong profit report and Appen plunging 16% after losing key contracts. Retail spending was flat in July, aligning with higher costs of living. Looking ahead, key US inflation data and Australian economic growth updates will shape next week’s market focus.

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Wall Street has ended August in neutral, with US economic data suggesting a soft landing for the world's largest economy. The Dow Jones hit a record high, while the NASDAQ declined as Nvidia shares tumbled. Oil prices rose due to supply concerns in Libya and Iraq. Meanwhile, Aussie shares are expected to finish the week on a high, supported by strong commodity prices and recently released retail spending data.

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The ASX 200 closed slightly lower despite some gains earlier in the week. The market's performance was influenced by a tough start to August and modest improvements since, with concerns about a US recession and Japan's interest rate hike adding pressure. Nvidia's stellar earnings in the US were overshadowed by doubts about sustained growth, impacting global sentiment. Locally, Westfarmers' higher profits were dampened by a weaker trading outlook, while Qantas and Dusk saw modest gains. As earnings season winds down, eyes are on upcoming retail spending data and further profit results.

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