Market Updates
A twice-daily podcast from the Marcus Today team, designed for self-directed investors. Stay informed with the latest stock market, financial, and business news, published every weekday just before the market opens and after it closes (AEST).
Market Updates
End of Day Report – Wednesday 17 December: ASX 200 drops 14 | JP Morgan upgrades lithium stocks
The Australian sharemarket fell after a weak US lead and oil declined to its lowest level in almost five years. That is good for inflation though.
The S&P/ASX 200 closed down 13.7 points, or 0.2% at 8585.20 as a sell-off in the energy sector on weaker oil prices was offset by a strong rally in mining stocks. The All Ordinaries slipped 0.1%. Industrials were weak and tech once again sold down hard. Banks eased back too.
Lithium stocks soared on JP Morgan upgrades and gold miners flying high. Gold in AUD hits $6550.
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