ADVANCED SHARE REGISTRY Stocks ended higher on Wednesday as Wall Street awaited the latest quarterly figures from Nvidia, which has just been reported after the bell. The high-flying chipmaker that's been bolstered by the artificial intelligence craze on Wall Street has reported $10.32 billion in data centre revenue, which was up 171% on an annual basis. Net income jumped to $6.19 billion, or $2.48 a share, from $656 million, or 26 cents a share, a year earlier.
Athletic apparel stocks bucked the broader market's positive trend, falling amid concern over inflation and slowing demand. Nike fell for a 10th straight day, its longest slide on record, losing 2.7%. Foot Locker shares fell 28.3% after reporting shrinking sales and lowering its forecast for the second time this year. The stock is on track for its biggest one-day drop, according to FactSet. Those moves come a day after Dick's Sporting Goods suffered its worst day ever.
Traders cheered a decline in yields. The benchmark 10-year Treasury yield, which hit its highest level since 2007 on Monday, reaching 4.35%, dropped more than 11 basis points to 4.21% on Wednesday. Investors also looked ahead to the start of a two-day Federal Reserve symposium in Jackson Hole, Wyoming, beginning Thursday. Fed Chair Jerome Powell is expected to deliver remarks Friday.
European markets closed higher. London's FTSE added 0.68 per cent, Frankfurt gained 0.15 per cent, and Paris closed 0.08 per cent higher. Turning to Asian markets, Tokyo's Nikkei gained 0.48 per cent, Hong Kong's Hang Seng added 0.31 per cent while China's Shanghai Composite closed 1.34 per cent lower.
Gold added 1.15 per cent. Silver gained 3.99 per cent. Copper added 1.29 per cent. Oil fell 0.94 per cent.
| Dow Jones | 34,472.98 | +184.15 | +0.54% |
|---|---|---|---|
| US S&P 500 | 4,436.01 | +48.46 | +1.1% |
| US Nasdaq | 13,721.03 | +215.16 | +1.59% |
| UK FTSE 100 | 7,320.53 | +49.77 | +0.68% |
RECENT INDIAN OCEAN SECURITIES TRANSACTIONS
| Balkan Mining Minerals Limited (ASX:BMM) | Mining Exploration Sector | IPO at $0.20 | Price Change from IPO Investment: + $0.175 / 85.50% |
|---|---|---|---|
| Smart Auto Australia Limited (NSX:SAL) | Electric Commercial Vehicles Sector | IPO at $0.10 | Price Change from IPO Investment: + $0.10 / 100% |
| Azure Health Technology Limited (NSX:VTL) | Health Technology | IPO at $0.20 | Price Change from latest Investment entry: - 0.05 / 25% |
| Albion Resources Limited (ASX:ALB) | Diversified Metals & Mining | IPO at $0.20 | Price Change from latest Investment entry: - $0.015 / 7.5% |
| Sprintex Limited (ASX:SIX) | Auto Parts & Equipment | IPO at $0.086 | Price Change from latest Investment entry: - $0.013 / 15.12% |
| Jadar Resources Limited (ASX:JDR) | Diversified Metals & Mining | Private Placement at $0.03 | Price Change from latest Investment entry : - $0.007 / 23.33% |
| Krakatoa Resources Limited (ASX:KTA/KTAOC) | Gold Sector | Private Placement at $0.06 | Price Change from latest Investment entry : - $0.008 / 13.33% |
| PYX Resources Limited (NSX:PYX) | Diversified Metals & Mining | IPO at $0.40 | Price Change from latest Investment entry: + $0.76 / 190% |
| Cokal Limited (ASX:CKA) | Steel Sector | Funding at $0.04 | Price Change from latest Investment entry: + $0.036 / 90% |
| Cyclone Metals Limited (ASX:CLE) | Steel Sector | Placement: at $0.0017 | Price Change from latest Investment entry: + $0.0073 / 429.41% |
| Food Revolution Limited (ASX:FOD) | Packaged Foods & Meat | Placement at $0.035 | Price Change from latest Investment entry : - $0.0007 / 20% |
| Synertec Corporation Limited (ASX:SOP) | Technology Sector | Placement at $0.023 | Price Change from latest Investment entry: + $0.077 / 334.78% |
| Douugh Limited (ASX:DOU) | Wireless Telecommunications Services | Placement at $0.020 | Price Change from latest Investment entry: + $0.074 / 370% |
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The information provided was based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither Advanced Share registry (ABN 14 127 175 946) nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The report has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek appropriate professional advice. This report does not purport to be a complete statement or summary.
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Advanced Share Registry Limited published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 07:38:01 UTC.
