ASX Today rise & shine – Dow and S&P 500 down as Nasdaq rises

ASX Today: rise & shine – Dow and S&P 500 down as Nasdaq rises

ASX Today: rise & shine – Dow and S&P 500 down as Nasdaq rises

Good morning!

Here is today’s morning wrap up:

US Exchange

As US treasuries soared and oil prices fell, the Dow Jones index was driven down by losses in Dow (-2.5%), Caterpillar (-2.0%), JPMorgan (-1.7%), and Chevron (-2.0%) stocks. However, Amazon’s stock rose 4.7 percent to a new high after the US Department of Defense (DoD) cancelled its US$10 billion JEDI cloud deal with Microsoft (flat) and asked both businesses for ideas.

The Dow Jones moved lower Tuesday with a -0.60% move or -208.980 points. The S&P 500 also, moving -0.20% or -8.800 points. Based on technology, the Nasdaq gained overnight, closing with a +0.17% gain or +24.315 points.

  • Tesla (TSLA) moving -2.85%
  • Apple (AAPL) moving +1.47%
  • Amazon (AMZN) moving +4.69%
  • Microsoft (MSFT) moving +0.0036%

ASX Today

This morning, the Australian stock market is projected to start Wednesday lower. The ASX 200 is predicted to open the day 11 points or 0.15 percent lower today, according to the latest SPI futures.

Previous Day ASX Wrap Up (LInk here)

In the hours leading up to and following the Reserve Bank of Australia’s (RBA) meeting today, local shares plummeted. The ASX 200 index fell 53.2 points, or 0.73 percent, to 7,261.8 points. The drop came after the index made robust gains in the morning session, reaching an intraday high of 7,346.2.

The majority of sectors ended in the red, with telecommunications losing the most ground, falling 2.0%. IT decreased 1.8 percent, followed by consumer discretionary, which fell 1.4 percent. Following a spike in oil prices to their highest levels in over three years after OPEC+ abandoned its conference without a resolution, energy gained 1.5 percent, with Brent crude rising 1.3 percent to roughly US$77.16.


What stocks to watch today

The stocks to watch for the ASX today are yesterday’s best gainers; these are listed on our daily wrap-up of each trading day. For a wrap-up of the previous trading, day Gainers click here.


CryptoCurrency

Bitcoin: US$34,069.33 +0.20% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,312.22 +3.62% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.234118 -0.08% in 24hrs (Taken from Coindesk data),


Day trading Thread Now Open – July 7th

Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional Lebanon’s food. Click here to post your thoughts.


Trading Halts

Companies listed below are currently in a trading halt and are expected to resume trading within the next few trading days:

Wednesday

Norwest Energy (ASX:NWE) – rig sharing agreement and drilling contract
RooLife Group (ASX:RLG) – capital raising
HomeCo Daily Needs REIT (ASX:HDN) – capital raising

Thursday

Cirralto (ASX:CRO) – customer referral agreement
Aldoro Resources (ASX:ARN) – project update
Mako Gold (ASX:MKG) – capital raising
Fertoz (ASX:FTZ) – capital raising


Commodities

CommodityLastOpenMov%Units
Brent Crude Oil 74.8276.03-2.94%USD/BBL
Crude Oil 73.7175.09-3.37%USD/BBL
Iron ore2212181.61%USD/MT
Palladium2,783.742,785.54-1.27%USD/t oz
Coal137134.082.18%USD/MT
Uranium32.732.50.62%USD/LBS
Gold1,796.221,787.370.23%USD/t oz
Copper4.264.28-2.07%USD/t oz
Silver26.1326.45-1.25%USD/t oz
Nickel18,411.5018,103.500.32%USD/t oz
Data taken from IRESS

Other News

  • The United States and European governments have condemned Iran’s decision to produce uranium metal. – Ajazeera
  • In Israel, a Pfizer vaccination has been found to prevent serious sickness as Delta cases spread. – News
  • The lockdown in Greater Sydney will be prolonged until July 16th. – News
  • Mum died after becoming ‘trapped’ inside a charity clothing bin in a shopping centre parking lot. – News
  • A new fast spreading Covid strain has hit Australia. – News
  • Despite pressure on the state government to lift restrictions, experts believe the Sydney lockdown may need to be extended. – News
  • Australia has paid AstraZeneca hundreds of millions of dollars for COVID-19 vaccinations. However, the agreement is a ‘national security’ secret. – ABC
  • A deal has been made to liberate a ship that had been blocking the Suez Canal. – 9 News

That is this morning’s ASX wrap-up; as always, stay safe and happy trading.

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