The Market Wrap with Henry Jennings, Senior Investment Analyst & Portfolio Manager at Marcus Today

Money News

The Nasdaq has rallied yet again, so what can we expect when we hear from a few of the Magnificent Seven this week?

• ASX200: up 0.50% to 7,971
• AUD: 66.22 US cents
• GOLD: $2,399 US/oz
• BITCOIN: $100,774 AUD

• The Nasdaq gaining 1.6% helped local tech companies today, with Wisetech Global up 2.2%, and Xero up 1.8%.
• Toll road operator Transurban up 1.3% after gaining a new deal with the Queensland government on the state’s Logan Motorway.
• The big four banks all finished higher, but Macquarie Group lost half a percent.
• Woodside slid again, down 3.7% after its quarterly update, which flagged a cost hike for its Scarborough LNG project.
• BHP, Rio Tinto and Fortescue all finished down with iron ore futures sinking.
• Goodman Group, Woolworths and Coles all went backwards.

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