Mid-Market: S&P/ASX 200 Trading Higher; Tracking US Markets

On 15 October 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 66.00 points or 0.80%, and is currently trading at 8,318.80 levels. Out of 11, 8 sectors are trading higher along with the gain in the S&P/ASX 200.

The Information Technology and Materials sectors are the top 2 gaining sectors, gaining 1.04% and 0.97% in their index values. On the other hand, Energy and Utilities sectors are the top 2 declining sectors, declining 0.75% and 0.42% in their index values.

Audinate Group Limited (ASX: AD8) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 6.731% and 6.391% in their stock prices. On the other hand, Treasury Wine Estates Limited (ASX: TWE) and Tabcorp Holdings Limited (ASX: TAH) are the top-losing stocks and are declining by 3.255% and 2.660% in their stock prices.

Factors influencing the market-

• Hub24 Limited’s shares rallied after booking record quarterly net inflows of $4 billion, as per its latest trading update. Total funds under administration hit $113 billion as of September 30.
• Oil prices fell 2% in the previous session as OPEC again lowered its outlook for 2024 and 2025 global oil demand growth while China's oil imports fell for the fifth straight month.
• The Dow has closed up by 0.47%, the S&P 500 closed up by 0.77%, and the NASDAQ ended higher by 0.87%.
• Hang Seng is down by 0.75%, and FTSE 100 is up by 0.47%.

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