Thanks @shovel40, @Fiji1, @Patterns and morning crew.
Half-time wrap:
The share market pushed for its strongest two-day advance in three weeks after US stocks steadied ahead of potentially market-moving jobs figures tonight.
The ASX 200 climbed 30 points or 0.43% to 6955. Today's advance extended the index's recovery from Wednesday's 11-month closing low towards 1%. The index has managed back-to-back gains only once before during a torrid three weeks of near-constant down-pressure.
The big four banks provided most of today's momentum, gaining between 0.9 and 1.57%. Healthcare providers and miners also advanced. Property stocks, retailers and energy producers were among the major drags.
Overnight, Wall Street's main indices finished just below break-even and well off session lows as investors took to the sidelines before September employment data. Weak private payrolls data earlier in the week has raised hopes of a slowdown in the red-hot labour market that would alleviate pressure on the Federal Reserve to keep raising rates. The S&P 500 closed 0.13% in the red.
Personal trading: Took S2R on retrace, plus a tiddler that has traded once since I bought it. Grrr. The hardest thing about these trading conditions is the sheer apathy. Too much of the market is behaving like a teenager asked to clean its room.
- Forums
- ASX - Day Trading
- Afternoon trading October 6
Afternoon trading October 6
-
- There are more pages in this discussion • 183 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online