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

On 11 October 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 11.40 points or 0.14%, and is currently trading at 8,211.60 levels. Out of 11, 9 sectors are trading lower along with the decline in the S&P/ASX 200.

The Energy and Healthcare sectors are the top 2 gaining sectors, gaining 0.95% and 0.25% in their index values. On the other hand, A-REIT and Financials sectors are the top 2 declining sectors, declining 0.72% and 0.39% in their index values.

Regis Resources Limited (ASX: RRL) and Siteminder Limited (ASX: SDR) are the top-gaining stocks, gaining 4.589% and 3.828% in their stock prices. On the other hand, News Corporation (ASX: NWS) and Dexus (ASX: DXS) are the top-losing stocks and are declining by 2.482% and 2.120% in their stock prices.

Factors influencing the market-

• Australian shares slipped at the open, following a lower finish in US stocks as September inflation in America came in slightly firmer than expected and weekly jobless claims hit a 12-month high.
• Applications for US unemployment benefits rose last week to a more than one-year high, reflecting notable increases in Michigan and states hit by Hurricane Helene.
• Oil prices jumped about 4% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China.
• The Dow has closed down by 0.14%, the S&P 500 closed down by 0.21%, and the NASDAQ ended lower by 0.04%.
• Hang Seng is up by 2.98%, and FTSE 100 is down by 0.07%.

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