ASX Today: Rise & Shine, US Markets Rebound

ASX Today: Rise & Shine, US Markets Rebound

Good morning!

Happy Friday! Here is today’s morning wrap up:

US Exchange Overnight

Following the release of optimistic labour market results, the US stock market has recovered from three days in the red.

The Dow Jones rebounded overnight with a +1.29% gain or +433.79 points, and the S&P 500 followed, gaining a total of +1.22% or +49.46 points overnight. The Nasdaq, Based on technology, recovered with a gain of +0.72% or +93.31 points. This may impact local tech stocks today. Visit our Live Tracker here.

  • After the bell, Airbnb’s stock fell as the company reported a greater loss than anticipated.
  • In the after-hours session, Disney shares dropped more than 4% as investors were disappointed by the company’s quarterly performance.
  • After the bell, DoorDash stock soared as demand for food delivery remained high.

ASX Today

After closing down 0.88 percent in yesterday’s session, the local market is expected to recover at the open.

Yesterday’s ASX recap

BHP GROUP LIMITED (BHP.ASX) drops -1.27% or $0.650 to $50.350, as prices in Iron Ore decline today.

Xero Limited (XRO.ASX) drops a staggering -12.97% gain to a price of $117.390 per share.

Afterpay Limited (APT.ASX) drops today -5.39% on the close to a total of $84.50, on the news a ceasing of a substantial holder.

Qantas Airways (QAN.ASX) drops another -2.22% on market close today to a price of $4.40 a share, from news that borders will remain shut until mid-2022.

Commonwealth Bank (CBA.ASX) in the green among a sea of red with a gain of +0.43% to a price of $95.980 per share.

What stocks to watch today

The stocks to watch out for today are yesterday’s best gainers; these are listed on our daily wrap-up of each trading day. For a wrap-up of the 13th of May, Gainers click here.

Trading Halts Today:

Creso Pharma (CPH.ASX) – acquisition target

Brent Crude Oil

Brent crude oil declined overnight by -3.07% percent to US$66.70 per barrel, according to live Commsec data.

Iron Ore

Iron Ore prices increased overnight with a +2.23% gain to a price of $229.50 (USD/MT), according to live Commsec data. Iron Ore showing excellent strength over the weeks, but one question arises, how long will this last?


According to CNBC, gold up today with a +0.13% gain or +$2.4 to a price of $1,826.500 US per ounce. From its 52 week low of $1670.30 US, Gold has been able to recover nicely in 2021; however, will it ever reach its previous high of $2072.90 US.

Want to know if a company’s mining grades are high grade? Our handy spreadsheet is now available – click the image on the right.


According to Market Index, Copper sits at a new price of $4.69 USD/lb, having a total of 50.12% return in 1 year! We will shortly provide a link with all Copper stocks on the ASX.


Uranium prices remain the same with a price of $30.95 (USD/LBS), according to live Commsec data. Yesterday investors were eager to buy Uranium stocks. Uranium stocks to watch today:

  • Alligator Energy Limited (AGE.ASX) surges +26.92% to a price of $0.033 on the close yesterday.
  • GTI Resources Limited (GTR.ASX) gains +18.18% on the close yesterday.
  • Thor Mining (THR.ASX) closes +11.76% yesterday.


Silver gained some losses today with a +0.43% or +$0.116 to a price of $27.175 USD, according to CNBC.

Other News

  • SEVEN new blood clot cases have been connected to the AstraZeneca vaccine. – Yahoo News
  • Elon Musk – Tesla has halted bitcoin vehicle purchases due to concerns about fossil fuels – News.
  • As the death toll in Israel-Hamas violence increases, a UN envoy warns of a “full-scale conflict.” – ABC News.
  • If the world had reacted a month earlier, the Covid-19 pandemic might have been avoided. – Telegraph 
  • What You Should Know About COVID-19 Vaccines in Australia –

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

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