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Latest Stock Market Updates

Australian Stock Market Loses $106 Billion in Eight Days

Key Points: The ASX 200 dropped for eight consecutive days, erasing $106 billion from local investment portfolios. Markets expect a 77% chance of a Reserve Bank interest rate hike next week. Global oil prices spiked to a wartime high of US$126 per barrel amid tensions in the Middle East. Major banks and large retail companies, such as Woolworths, suffered significant stock price crashes. Australian share...

Tech Stocks Soar as Nasdaq Records Biggest Monthly Gain Since 2020

Key Points: The tech-heavy Nasdaq Composite jumped 15.29% in April, marking its best month since the start of the pandemic in April 2020. Alphabet shares climbed 34% for the month, scoring their best performance since the company went public in October 2004. Chipmaker Intel saw its stock double in value, recording the absolute strongest month in its 55-year corporate history. Strong earnings from Amazon, Microsoft,...

Microchip Technology Hits Record Stock High As New Factory Opens

Key Points: Microchip Technology stock reached a massive 52-week high of $92.26 after jumping 101.5% over the past year. The semiconductor giant opened a new 15,000-square-foot factory in Alabama to build advanced atomic clocks. Amble Electronics reported a massive first quarter with revenue climbing fivefold due to intense global memory chip shortages. Financial analysts expect Microchip to finally return to profitability when the company reports...