Market Close 5 May 22: Aussie market snaps 3-day losing streak
CommSec

Market Close 5 May 22: Aussie market snaps 3-day losing streak

2022-05-05
The Australian sharemarket rose by 0.8%, snapping a three-day losing streak. The Federal Reserve raised rates by 50bps but ruled out more aggressive rate hikes. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly...
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