Market Close 19 Mar 25: Aussie market snaps 3 day winning streak

The Aussie market’s three-day winning streak came to an end, with the ASX slipping 0.4% after a choppy session. Global markets remain volatile, with the S&P 500 still nearly 9% below its February peak and the NASDAQ down 13%. Nvidia’s highly anticipated developer conference failed to impress, leading to a 3.3% drop in its stock price. Gold continued its record-breaking run, while oil prices struggled due to potential easing of Russian export sanctions. Locally, banks weighed on the market, while New Hope surged after strong earnings and a dividend boost. Investors now turn their attention to the U.S. Federal Reserve’s interest rate decision overnight, as well as Australia’s key jobs report tomorrow, which could influence future RBA rate moves.     The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.