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US stock market rally continues, Apple posts 11th straight day of gains

News that significant progress had been made overnight between Russian and Ukrainian negotiators has raised hopes that a ceasefire may be on the cards sooner rather than later.

When combined with an inverting of the yield curve, that is when long term interest rates fall below short-term rates, this was broadly a positive for US stock markets with the Nasdaq leading the way, up 1.8%.

The Dow Jones trailed, up 1% while the S&P 500 climbed 1.2% with the energy sector the only detractor. This was due to another fall in the oil price, down from US$130 to US$103.

Apple’s rare achievement, Nielson goes private

Shares in Apple (NASDAQ: AAPL), the biggest company in the world, have posted 11 straight days of gains, which is the longest winning streak since 2003 and comes as investors flock back to ‘perceived’ quality.

TV ratings group Nielsen Holdings (NYSE: NLSN) gained 21% after confirming it would be selling to private equity, as the sector once again jumps headlong into service-based undervalued businesses.

US stock market movers

Here’s how other popular US stocks performed on Tuesday.

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is set to follow this positive lead from US stock markets to open higher this morning. For a round-up of the latest news, check out my ASX 200 morning report.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

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