ASX 200 logs three gains in a row as market rates ease, uranium stocks keep rising
Aussie shares logged another solid day of gains, 3 in a row now. Today's special mention must go to uranium stocks which just keep rising!
%20Intraday%20Chart%2006%20May%202024.png)
The S&P/ASX 200 enjoyed another solid day of gains, and at three in a row now, perhaps some semblance of stability has returned.
Largely, this new stability is a result of a pullback in market rates, and it will only remain as long as those rates continue to subside. It's no surprise then that the best performing sectors today were the interest rate sensitives.
Today's special mention goes to Aussie uranium stocks which just keep on keeping on after last weeks news the US Senate had passed a bill to ban imports of Russian uranium products.
Let's dive in!
>>Access today's full Evening Wrap from Market Index<<
Please note that as of Monday 13th May, 2024, we will no longer be posting the Evening Wrap onto the Livewire Markets website. If you would like to continue reading the Evening Wrap, we would encourage you to view this on Market Index and signup to the free daily email so you can receive it straight to your inbox.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
........
Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
5 topics
20 stocks mentioned
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Comments
Comments
Sign In or Join Free to comment