ASX Today: rise & shine – US markets down as tech sells-off

ASX Today: rise & shine – US markets down as tech sells-off

ASX Today: rise & shine – US markets down as tech sells-off

Good morning!

Here is today’s morning wrap up:

US Exchange

On Tuesday, US markets slid from record highs as regulatory concerns over China’s technology industry impacted on investor morale. Amazon (-2.0%) and Facebook (-1.3%) also saw their stock prices drop. Apple (-1.5%) and Microsoft (-0.9%) both had their stock prices fall ahead of their quarterly earnings reports. Tesla’s stock dropped 2.0 percent, while General Electric’s increased 1.2 percent, after both companies posted earnings that met analysts’ expectations.

The Dow Jones moved lower with a -0.24% move or -85.790 points. The S&P 500, moving -0.47% or -20.840 points. Based on technology, the Nasdaq was down overnight, closing with a -1.21% loss or -180.137 points.


ASX Today

This morning, the Australian stock market is projected to start Wednesday lower. The ASX 200 is predicted to open the day 24 points or 0.33 percent lower today, according to the latest SPI futures.

Previous Day ASX Wrap Up (LInk here)

The S&P/ASX 200 achieved a new closing high of 7,431 on Tuesday, up 37 points or 0.5 percent after hitting an intraday high of 7,447.9. Materials, energy, and financials boosted the market the most, while IT lagged the most.


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.


Day trading Thread Now Open – July 28th

Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional Mauritius’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

Metal Tiger (ASX:MTR) – capital raising
Caprice Resources (ASX:CRS) – acquisition
Theta Gold Mines (ASX:TGM) – financing transaction
Dubber (ASX:DUB) – capital raising
Jayex (ASX:JTL) – strategic investment
Capricorn Metals (ASX:CMM) – acquisition
Caeneus Minerals (ASX:CAD) – capital raising
Simble Solutions (ASX:SIS) – capital raising

Thursday 

Pilbara Minerals (ASX:PLS) – cleansing correction
Imugene (ASX:IMU) – capital raising
Aroa Biosurgery (ASX:ARX) – capital raising
Magnis Energy Technologies (ASX:MNS) – capital raising
Victory Mines (ASX:VIC) – capital raising
BPM Minerals (ASX:BPM) – cleansing correction
Australian Mines (ASX:AUZ) – capital raising

Friday

Piedmont Lithium (ASX:PLL) – price query
Bard1 Life Sciences (ASX:BD1) – capital raising
Peak Resources (ASX:PEK) – mining licence
WestStar Industrial (ASX:WSI) – contract award
Vonex Limited (ASX:VN8) – funding for proposed acquisition
Dateline Resources (ASX:DTR) – capital raising


CryptoCurrency

Bitcoin: US$39,169.43 +5.14% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,304.45 +3.22% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.206197 +0.39% in 24hrs (Taken from Coindesk data)


Commodities

CommodityLastOpenHighMov%Units
Brent Crude Oil 74.7574.2174.99-0.01%USD/BBL
Crude Oil 71.9572.1772.32-0.25%USD/BBL
Iron ore204.52092090USD/MT
Palladium2,605.422,672.342,702.18-1.85%USD/t oz
Coal147.38146.18147.380.83%USD/MT
Uranium32.532.532.50USD/LBS
Gold1,800.111,801.451,810.120.15%USD/t oz
Copper4.564.464.62-0.65%USD/t oz
Silver24.7125.1725.42-1.83%USD/t oz
Nickel19,70718,914.5019,7074.19%USD/t oz
Data taken from IRESS

Other News

  • As the number of cases in NSW reaches new highs, a radical lockup revamp is expected. – News
  • Pfizer’s vaccination for teenagers has been approved by the TGA. – News
  • Victoria records 14 new Covid-19 cases that were acquired locally. – News
  • After getting the first dose of AstraZeneca, a 44-year-old Tasmanian man died. – News
  • In the fight against the Delta Covid outbreak, Brad Hazzard has proposed a strict new mask exemption regulation. – News
  • The pharmacy immunisation campaign, according to Prime Minister Scott Morrison, will be accelerated. – ABC

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

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