0 seconds of 1 minute, 38 secondsVolume 90%
Press shift question mark to access a list of keyboard shortcuts
00:00
01:38
01:38
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX200 is staring down losses of 0.8 per cent after the Nasdaq & S&P 500 took their biggest hits since late 2022. The Nasdaq plunged 3.6%, the S&P500 2.3% and the Dow Jones 1.2%, as megacap stocks delivered underwhelming earnings reports – seeding doubts around the AI-driven rally’s sustainability.

Some of the biggest drags included Tesla – which fell 12%; ARM and Nvidia were both down close to 8%; Visa shed nearly 4%; and, Microsoft, 3.5%.

Meanwhile Canada’s TSX lost ground after policymakers dropped interest rates by 25 basis points to 4.5%. It’s the second monthly rate cut in a row.

Back in Australia and last month’s labour force data is due out later this morning.

Earnings reports are likely to dominate headlines, with Newmont Corporation (ASX:NEM) reporting production of 2.1 million ounces of gold, it reduced debt by $250 million, and it claims it’s on track to achieve its guidance.

Fortescue (ASX:FMG) delivered record iron ore shipments of 53.7 million tonnes – which is up 10 per cent year-on-year, but Ampol (ASX:ALD) reported its fuel sales were down nearly 6% for the first half of 2024 calendar year.

Our dollar lost half a per cent, to be buying US65.8 cents.

Silver took a 1.2% slide, to be back at $28.84 an ounce; Gold also pulled back to be at US$2394.72 – despite India lowering import duties on both precious metals. Iron ore’s been trading just above $108 a tonne, brent crude recovered to $81.52 a barrel, but natural gas continued its volatility dropping 2.85% to $2.12 a gigajoule.

More From The Market Online
The Market Online Video

ASX Market Close: Sentiment getting better with finish over 7,900pts

Good afternoon and welcome to HotCopper’s Market Close for Thursday, I’m Jonathon Davidson.It was another better-looking…
HotCopper Podcast Graphic which reads Episode 005 with copy about the markets being in the red.

Listen: HotCopper Podcast 005 – It’s red, red, red everywhere we look this week

In this HotCopper podcast episode, we talk through WA Labor's third-term victory and the mega-sized ASX…
The Market Online Video

ASX Market Open: Fed’s ‘two cut’ call shoots more hope into Week 12 rally | March 20, 2025

Futures say Australian shares will rise as much as 0.8% this Thursday morning, with a big jump at open likely to push th…
HotCopper Podcast Graphic which reads Episode 006 with copy about the markets being in the red.

Listen: HotCopper Podcast 006 – What comes first, the bear market or the election?

Welcome to this week’s HotCopper Wire, our market watch podcast!