Nearly $110b wiped off Australian shares as ASX 200 drops 4.2pc, rate cuts priced in

Nearly $110b wiped off Australian shares as ASX 200 drops 4.2pc, rate cuts priced in

Australian shares suffered their biggest one-day fall since COVID-19, as Donald Trump described the market turmoil as “medicine”. After a wipe-out on Wall Street on Friday (US time), US stock market futures pointed to further falls when American markets reopen on Monday, setting the tone for heavy selling during Australian and Asian trade. The ASX…

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top stocks today: Stock Market Today: Dow Jones, Nasdaq, and S&P 500 trends – 5 key things to know before the stock market opens Friday, 21 Feb 2025

top stocks today: Stock Market Today: Dow Jones, Nasdaq, and S&P 500 trends – 5 key things to know before the stock market opens Friday, 21 Feb 2025

U.S. stock market is set for a mixed opening on Friday, February 21, 2025, following a sharp decline in the previous session. Investor sentiment remains cautious as UnitedHealth Group (UNH) faces a Justice Department investigation, Tesla (TSLA) may receive a major investment proposal from a Japanese group, and Alibaba (BABA) is surging on a stake…

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DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD

DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD

DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD U.S.-listed Chinese stocks Alibaba Group Holding (NASDAQ:BABA), Baidu, Inc (NASDAQ:BIDU), JD.com, Inc (NASDAQ: JD), PDD Holdings Inc (NASDAQ: PDD), NIO Inc (NYSE: NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE: XPEV) gave up their gains Tuesday after the Trump administration decided to delay the suspension of duty-free entry for packages valued under $800. The…

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Wall Street Holiday: Nasdaq, NYSE to remain closed on November 28 on account of Thanksgiving holiday

Wall Street Holiday: Nasdaq, NYSE to remain closed on November 28 on account of Thanksgiving holiday

Wall Street holiday: US stock markets will remain closed on Thursday, November 28 and close early on Friday, November 29, in observance of the Thanksgiving holiday. According to the Securities Industry and Financial Markets Association, the Nasdaq Stock Exchange and New York Stock Exchange (NYSE) will both be closed on account of Thanksgiving.  The US…

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