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Investors responded to weak economic data and 'disappointing' earnings from Tesla (shares down 9.8%), American Express (-1.0%) and AT&T (10.4%). Tesla noted weaker margins after the electric car maker slashed prices. But shares of DR Horton rose 5.6% after the homebuilder forecast full-year revenue above estimates. The Dow Jones index fell by 110 points or 0.3%. The S&P 500 index fell by 0.6%. And the Nasdaq index fell by 98 points or 0.8%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account

The Australian sharemarket ended flat for the 2nd straight day. The ASX200 index edged 3pts or 0.04% lower to 7362.   This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make invest

Get ready for the upcoming week as we preview key inflation data, US earnings results, quarterly updates in Australia and more.   This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may

Investors digested latest earnings releases. After posting results, shares in Morgan Stanley shares rose 0.7%, IBM lost 1.1% and Netflix fell by 3.2%. In response to Netflix earnings, shares in rival Walt Disney fell 2.2%. Shares in Elevance Health fell 5.3% on regulatory concerns with rival UnitedHealth down 3.6%. The Dow Jones index fell by 80 points or 0.2%. The S&P 500 index fell by less than 0.1%. But the Nasdaq index rose by 3.8 points or less than 0.1%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without tak

The Australian sharemarket pushed higher in late trade, with the ASX 200 lifting by 5.3pts or 0.07% to 7365.5. Strong gains from our larger mining stocks carried the index, while most sectors finished in the red.   This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or

Investors digested latest earnings results. Shares in Bank of America rose by 0.6%. Shares in Goldman Sachs fell 1.7% after the financial firm reported a 19% fall in profit. Also in response to earnings news, shares in Johnson & Johnson fell 2.8%, Lockheed shares rose 2.4% after its first quarter results beat market forecasts. The Dow Jones index fell by 11 points or less than 0.1%. The S&P 500 index rose by 0.1%. And the Nasdaq index fell by 4.3 points or less than 0.1%. After market close shares in Netflix fell 0.7% in response to its earnings result. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed

The Australian sharemarket fell slightly after hitting a 2-month high a day earlier. Data highlighted stronger than expected growth in China’s economy, the RBA Board minutes reaffirmed the possibility of a May rate hike, while energy stocks fell due to softer oil prices.   This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may rec

Investors are awaiting key earnings results. Shares in Google parent, Alphabet, fell 2.7% on a report that Samsung was considering replacing Google with Microsoft parent, Bing, as the default search engine on its devices. The Dow Jones index rose by 101 points or 0.3%. The S&P 500 index rose by 0.3%. And the Nasdaq index rose by 34 points or 0.3%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indic

Investors booked profits at the end of the week. US bank earnings beat market expectations. And economic data was mixed. After releasing earnings, shares in Citigroup rose 4.8%; JP Morgan Chase rose 7.6%; but Wells Fargo eased 0.1%. Seven of the 11 S&P 500 sectors ended lower led by real estate. Financial markets have priced in a 74% chance of a rate hike at the next meeting on May 2-3. The Dow Jones index fell by 143 points or 0.4%. The S&P 500 index fell by 0.2%. And the Nasdaq index lost 43 points or 0.4%. Over the week the Dow rose 1.2%; the S&P 500 rose 0.8%; and the Nasdaq lifted 0.3%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice

The Australian sharemarket has improved for the 11th time in 13 sessions, with the ASX 200 extending its winning streak to a third week while remaining close to a 2-month high. Gold miners rose strongly.   This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on t

Falls in business prices in March and higher jobless claims raised hopes that the Federal Reserve could be close to the end of interest rate hikes. Investors now await the release of earnings results from major banks on Friday. Shares in Netflix rose 4.6% on a broker upgrade. Shares in Amazon rose 4.7%. The Dow Jones index rose by 383 points or 1.1%. The S&P 500 index rose by 1.3%. And the Nasdaq index lifted by 237 points or 2.0%. This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individ

The Aussie market declined on Thursday, breaking its 2-day winning streak following stronger than expected jobs growth.   This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make in