ADVANCED SHARE REGISTRY The S&P 500 fell to start August, as investors navigated a raft of corporate earnings reports and assessed a fresh batch of economic data. The Dow Jones Industrial Average added 71.15 points, or 0.2 per cent, to settle at 35,630.68. Earlier in the session, the Dow touched its highest level since February 2022.
Pharmaceutical giant Merck pulled back 1.3 per cent even after reporting a smaller-than-expected loss and revenue that exceeded expectations, thanks to strong Keytruda sales. Caterpillar posted strong results, boosting shares 8.9 per cent. Pfizer fell 1.2 per cent after posting mixed results due to plummeting Covid product sales, while Uber slid about 5.7 per cent on mixed earnings. Elsewhere, JetBlue tumbled 8.3 per cent after slashing guidance due to slowing domestic travel.
This week marks the busiest stretch of second-quarter results with more than 160 S&P 500 constituents slated to report. More than half of the companies in the broad market index have already reported, with 82 per cent topping earnings expectations, according to FactSet. This has fueled some hopes that the economy will be able to avoid a recession as inflation shows signs of cooling.
European markets closed lower. London's FTSE fell 0.43 per cent, Frankfurt lost 1.26 per cent, and Paris closed 1.22 per cent lower. Turning to Asian markets, Tokyo's Nikkei added 0.92 per cent, Hong Kong's Hang Seng fell 0.34 per cent while China's Shanghai Composite closed flat.
In commodity news, Gold lost 1.51 per cent. Silver dropped 2.59 per cent. Copper fell 2.48 per cent. Oil shed 0.53 per cent.
| Dow Jones | 35,630.68 | +71.15 | +0.2% |
|---|---|---|---|
| US S&P 500 | 4,576.73 | -12.23 | -0.27% |
| US Nasdaq | 14,283.91 | -62.11 | -0.43% |
| UK FTSE 100 | 7,666.27 | -33.14 | -0.43% |
RECENT INDIAN OCEAN SECURITIES TRANSACTIONS
| Balkan Mining Minerals Limited (ASX:BMM) | Mining Exploration Sector | IPO at $0.20 | Price Change from IPO Investment: + $0.175 / 85.50% |
|---|---|---|---|
| Smart Auto Australia Limited (NSX:SAL) | Electric Commercial Vehicles Sector | IPO at $0.10 | Price Change from IPO Investment: + $0.10 / 100% |
| Azure Health Technology Limited (NSX:VTL) | Health Technology | IPO at $0.20 | Price Change from latest Investment entry: - 0.05 / 25% |
| Albion Resources Limited (ASX:ALB) | Diversified Metals & Mining | IPO at $0.20 | Price Change from latest Investment entry: - $0.015 / 7.5% |
| Sprintex Limited (ASX:SIX) | Auto Parts & Equipment | IPO at $0.086 | Price Change from latest Investment entry: - $0.013 / 15.12% |
| Jadar Resources Limited (ASX:JDR) | Diversified Metals & Mining | Private Placement at $0.03 | Price Change from latest Investment entry : - $0.007 / 23.33% |
| Krakatoa Resources Limited (ASX:KTA/KTAOC) | Gold Sector | Private Placement at $0.06 | Price Change from latest Investment entry : - $0.008 / 13.33% |
| PYX Resources Limited (NSX:PYX) | Diversified Metals & Mining | IPO at $0.40 | Price Change from latest Investment entry: + $0.76 / 190% |
| Cokal Limited (ASX:CKA) | Steel Sector | Funding at $0.04 | Price Change from latest Investment entry: + $0.036 / 90% |
| Cyclone Metals Limited (ASX:CLE) | Steel Sector | Placement: at $0.0017 | Price Change from latest Investment entry: + $0.0073 / 429.41% |
| Food Revolution Limited (ASX:FOD) | Packaged Foods & Meat | Placement at $0.035 | Price Change from latest Investment entry : - $0.0007 / 20% |
| Synertec Corporation Limited (ASX:SOP) | Technology Sector | Placement at $0.023 | Price Change from latest Investment entry: + $0.077 / 334.78% |
| Douugh Limited (ASX:DOU) | Wireless Telecommunications Services | Placement at $0.020 | Price Change from latest Investment entry: + $0.074 / 370% |
Disclaimer:
The information provided was based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither Advanced Share registry (ABN 14 127 175 946) nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The report has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek appropriate professional advice. This report does not purport to be a complete statement or summary.
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Advanced Share Registry Limited published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 07:44:01 UTC.
