S&P/ASX 200 Trading Lower By 0.17%; Mirroring Wall Street Losses

On 19 July 2022, at AEST 11:55 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 11.70 points or 0.17%, and is currently trading at 6,675.40 levels. Out of 11 sectors, 7 sectors are trading lower along with the S&P/ASX 200.

The Energy and Utilities sectors are the top 2 gaining sectors, gaining 2.76% and 1.01% in their index values. On the other hand, the Information Technology and Healthcare sectors are the top 2 losing sectors, declining 1.41% and 1.35% in their index values.

Mesoblast Limited (ASX: MSB) and Life360 Inc (ASX: 360) are the top gaining stocks, gaining 11.695% and 4.461% in their stock prices. On the other hand, Hub24 Limited (ASX: HUB) and Suncorp Group Limited (ASX: SUN) are the top losing stocks and are declining 5.186% and 4.797% in their stock prices.

Factors influencing the market-

• On Wall Street, U.S. stocks fell, led by the tech sector, as investors assessed the outlook for corporate profits and economic growth amid rising interest rates and runaway inflation.
• Hub24 Limited's share price declined more than 5% despite announcing record quarterly net inflows of AU$11.7 billion, up 38% from the same time last year.
• Oil prices are gaining as a plunging dollar-supported buying interest, and on expectations, the U.S. Federal Reserve's interest rate hike may be less than thought.
• Dow has closed down by 0.7%, S&P 500 down by 0.8%, and NASDAQ closed lower by 0.8%.
• Hang Seng is down by 0.80%, and FTSE 100 is up by 0.90%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au