Today's ASX news
US stock markets deliver worst week in 4 months
US stock markets ended the week on a negative note, with all three indices ending in the red. Despite the weakness, big tech is outperforming.
June 21, 2021
Netflix Inc (NASDAQ: NFLX) is the world’s leading streaming entertainment service, allowing subscribers to watch a wide range of movies and TV shows on-demand for a monthly fee. Netflix’s history dates back to 1997 and its phenomenal rise in the years since has led to its inclusion in the infamous FAANG group of tech stocks.
US stock markets ended the week on a negative note, with all three indices ending in the red. Despite the weakness, big tech is outperforming.
Are FAANG stocks like Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google/Alphabet Inc (NASDAQ: GOOGL) better than Australia’s blue-chip shares like Commonwealth Bank of Australia (ASX: CBA) and Telstra Ltd (ASX: TLS)?
The ASX 200 (ASX: XJO) capped off another positive day on Thursday despite a fall in the oil price sending the entire sector down 1.1%. On Friday, the ASX 200 is tipped to open modestly higher at the open, with Woolworths Ltd (ASX: WOW) in focus.
The S&P/ASX 200 (ASX: XJO) fell throughout the ASX share trading day on Monday, despite a positive open, finishing 0.1% higher as dip buyers emerged following last week’s unexpected sell-off. Today, the ASX 200 is expected to open slightly higher today according to SPI Futures.
US markets finished the week strongly on the back of great economic data. SVB Financial (NASDAQ:SVIB) and American Express (NYSE:AMEX) are in the news.
US stock markets fell across the board overnight. Intel (NYSE:INTC) and AT&T (NYSE:T) shares are making headlines.
US markets staged a late rally behind the traditional cyclical sectors, with financials, energy and mining companies leading the charge.
US stock markets retreated overnight, pushed lower by surging virus cases. Apple (NASDAQ:AAPL) and Netflix (NASDAQ:NFLX) are making headlines.
US markets snapped their winning streak overnight, the Nasdaq falling 1% with little in the way of news being released to start the week.
Here you go: A $50,000 per year passive income special report
Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.
Simply enter your email address and we’ll send it to you. No tricks. Unsubscribe anytime.
Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.