Australia's largest stock trading and investment forum Australia's #1 stock forum

Afternoon trading July 25, page-3

First 3 Last

Share
Profile

Follow
Bloodmoney

17 Posts.

1

25/07/24

13:05

Post #: 74913265
Share

Originally posted by highlandlad: ↑

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

Aussie stocks slid to a two-week low after valuation worries sparked Wall Street's worst night since 2022.

The ASX 200 retreated 91 points or 1.14% by mid-session.

The tech sector took the biggest hit, falling 2.58% in the wake of last night's 3.64% plunge on the Nasdaq. The tech-heavy US index tanked after soft trading updates from Alphabet and Tesla prompted investors to dump the Magnificent Seven group of US market leaders. The S&P 500 lost 2.31%.

A 32% decline in profit from Macquarie Group added to headwinds. The finance group's shares fell 3.7%. Other notable drags included miners Fortescue Metals, Regis Resources and West African Resources, and Afterpay owner Block.

Personal trading: Not much of a sell-off. Disappointing for bargain hunters. I was reduced to buying PIL, which I only ever do wearing a wig and a false moustache in case anyone recognises me. Don't tell my mother. She thinks I play piano in a whorehouse.

Expand

Sing us a song your the piano man .

pec up this arvo.
1 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Clarity confidence – and share price – up on bumper $203M institutional placement

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

First 3 Last

SPONSORED BY