Mid-Market: S&P/ASX 200 Trading Higher; Uranium Stocks Are Rising The Most

On 17 October 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 71.20 points or 0.86%, and is currently trading at 8,355.80 levels. Out of 11, 10 sectors are trading higher along with the gain in the S&P/ASX 200.

The A-REIT and Industrials sectors are the top 2 gaining sectors, gaining 1.91% and 1.33 % in their index values. On the other hand, Information Technology sector is the only declining sectors, declining 0.75% in its index value.

Deep Yellow Limited (ASX: DYL) and AMP Limited (ASX: AMP) are the top-gaining stocks, gaining 14.459% and 13.653% in their stock prices. On the other hand, Wisetech Global Limited (ASX: WTC) and Healius Limited (ASX: HLS) are the top-losing stocks and are declining by 3.932% and 1.816% in their stock prices.

Factors influencing the market-

• The ASX has slipped from its record high touched earlier in the session, after Australian employment data missed expectations. Australian employment jumped 51,600 in September, following a 47,500 gain the previous month, while the unemployment came in at 4.1%. Consensus was for 25,200 jobs created and unemployment to remain steady at 4.2%.
• Oil prices settled lower in the previous session, adding to bruising losses over the past week as the prospect of a less severe escalation in the Middle East and weak demand weighed.
• The Dow has closed up by 0.79%, the S&P 500 closed up by 0.47%, and the NASDAQ ended higher by 0.28%.
• Hang Seng is trading flat, and FTSE 100 is up by 0.97%.

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