Mid-Market: S&P/ASX 200 Trading Lower; Tracking Wall Street Losses

On 05 November 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 42.50 points or 0.52%, and is currently trading at 8,122.50 levels. Out of 11, 10 sectors are trading lower along with the decline in the S&P/ASX 200.

The A-REIT sector is the only gaining sector, gaining 0.04% in its index value. On the other hand, Information Technology and Telecommunication Services sectors are the top 2 declining sectors, declining 1.05% and 0.74% in their index values.

Lifestyle Communities Limited (ASX: LIC) and Mineral Resources Limited (ASX: MIN) are the top-gaining stocks, gaining 7.337% and 2.820% in their stock prices. On the other hand, Domino’s Pizza Enterprises Limited (ASX: DMP) and Paladin Energy Limited (ASX: PDN) are the top-losing stocks and are declining by 5.666% and 3.714% in their stock prices.

Factors influencing the market-

• S&P/ASX 200 is declining today at the open of trading, tracking modest losses on Wall Street and ahead of the latest rate decision from the Reserve Bank of Australia later today.
• Domino’s Pizza Enterprises Limited’s shares are declining by more than 4% after the company announced chief executive Don Meij would exit after 22 years leading the pizza business. The company also noted still-weak same-store sales in its latest trading update covering the first 17 weeks of the new financial year.
• Oil climbed after OPEC+ agreed to push back its December production increase and Iran outlined a possible response to Israel’s recent bombardment.
• The Dow has closed down by 0.61%, the S&P 500 closed down by 0.28%, and the NASDAQ ended lower by 0.31%.
• Hang Seng is up by 0.30%, and FTSE 100 is up by 0.09%.

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