Investors' worries about inflation and interest rate hikes persisted after US producer prices rose more-than-expected in November. Shares of apparel company Lululemon Athletica slid 12.9% following a disappointing profit forecast. Chevron shares dipped 3.2% as crude oil prices eased. But Netflix shares gained 3.1% after Wells Fargo upgraded the video streaming giant to "overweight" from "equal weight". At the close of trade, the Dow Jones index fell by 305 points or 0.9%. The S&P 500 index dipped by 0.7% and the Nasdaq index shed 77 points or 0.7%. For the week, the Dow lost 2.8%, S&P 500 dropped 3.4% and the Nasdaq shed 4%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Morning Report 27 Apr 23: Wall St battles bank concerns as tech earnings beat expectations
Market Close 26 Apr 23: ASX 200 slides for 4th day
Morning Report 26 Apr 23: Wall Street ends lower as weak company earnings fan fears of an economic slowdown
Morning Report 24 Apr 23: US sharemarkets inched ahead on Friday assisted by positive economic data.
Market Close 21 Apr 23: ASX 200 slips for 2nd day
Morning Report 21 Apr 23: US sharemarkets were weaker on Thursday
Market Close 20 Apr 23: Aussie market ends flat for 2nd straight day
CommSec Insights 20 Apr 23: The Week Ahead
Morning Report 20 Apr 23: US sharemarkets were mixed on Wednesday
Market Close 19 Apr 23: ASX 200 stays close to 2-month high
Morning Report 19 Apr 23: US sharemarkets were flat on Tuesday
Market Close 18 Apr 23: ASX 200 eases from 2-month high
Morning Report 18 Apr 23: US sharemarkets rose by around 0.3% on Monday
Morning Report 17 Apr 23: US sharemarkets fell by around 0.4% on Friday
Market Close 14 Apr 23: ASX 200 approaches 2-month high
Morning Report 14 Apr 23: US sharemarkets posted solid gains on Thursday
Market Close 13 Apr 23: ASX 200 falls, breaking 2-day winning streak after jobs report
CommSec Insights 13 Apr 23: The Week Ahead
Morning Report 13 Apr 23: Wall St ends lower as Fed Minutes spark caution
Market Close 12 Apr 23: ASX climbs for the 2nd straight day
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