They bought the dip 🎢
In a repeat of yesterday, soggy morning trade gave way to a brighter afternoon after the market reached the low point at midday. The tech sector closed down 1% in the wake of a poor Nasdaq lead, sending Afterpay, Xero and Zip behind the woodshed for the day. Industrials had a solid session, up 0.8%. Blue-chip banks also made the grade, Commonwealth Bank up 2.2%. Worley closed over 6% higher on not one - but two broker upgrades to 'buy.' Investors are listening. The local market was down over 53 points at midday, but in the end closed down 11 points, or -0.1%. Will non-farm payrolls matter for markets tomorrow night? It will - until it doesn’t.
Our top three VODs:
See acast.com/privacy for privacy and opt-out information.