Day traders' weekend lounge March 22 - 24

  1. 14,419 Posts.
    lightbulb Created with Sketch. 6
    Thanks afternoon crew. Have a great weekend, all.

    End-of-day summary:

    Resource stocks steered the share market lower at the end of a positive week dominated by central bank policy updates and a strong rebound in Australian jobs.


    The ASX 200 gave back a portion of the week's profits with a reversal of 11 points or 0.15% this session. An overnight decline in oil and a partial retrace in gold from record levels weighed on energy producers and precious metal miners. Three of the big four banks also retreated.

    For the week, the Australian stock benchmark gained 100 points or 1.3%, thanks largely to an 86-point leap yesterday as February jobs data implied resilience in the economy and after the US Federal Reserve reaffirmed rate cut expectations.

    S&P 500 futures were up less than 0.1% at the Australian market close following a second night of record closes for three major benchmarks. The S&P 500 put on 0.32%. Dow gained 0.68%. The Nasdaq added 0.2%.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.