Mid-Market: S&P/ASX 200 Trading Higher; Tracking A Late Rally On Wall Street

On 15 February 2024, at AEDT 11:50 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 63.30 points or 0.84%, and is currently trading at 7,611.00 levels. Out of 11 sectors, 9 sectors are trading higher along with the gain in the S&P/ASX 200.

The Information Technology and Consumer Discretionary sectors are the top 2 gaining sectors, gaining 2.81% and 2.08% in their index values. On the other hand, Energy and Telecommunication Services sectors were the top 2 declining sectors, declining 1.02% and 0.50% in their index values.

Life360 Inc. (ASX: 360) and Chalice Mining Limited (ASX: CHN) are the top-gaining stocks, gaining 8.265% and 7.870% in their stock prices. On the other hand, Data#3 Limited (ASX: DTL) and Pro Medicus Limited (ASX: PME) are the top-losing stocks and are declining by 6.442% and 4.746% in their stock prices.

Factors influencing the market-

• Australian shares are trading higher, tracking a late rally on Wall Street, with the S&P 500 hitting 5000 points at the closing bell.
• Pro Medicus Limited’s shares are down after it raised its interim net profit 33.3% in line with analysts’ consensus expectations.
• Origin Energy gaining today following the company has posted a 17-fold increase in benchmark net profit for the first half, aided by higher prices for customers, but has signaled earnings from its core energy markets business will be lower next financial year as tariffs decline.
• Oil prices settled lower in the previous session after giving up gains as a huge increase in U.S. weekly crude stockpiles and record high domestic production overshadowed a fresh escalation in Middle East tensions.
• The Dow has closed up by 0.40%, the S&P 500 up by 0.96%, and the NASDAQ ended higher by 1.30%.
• Hang Seng is down by 0.84%, and FTSE 100 is up by 0.75%.

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