Yahoo Finance ASX falls as gold loses lustre
The benchmark S&P/ASX200 (^AXJO) has closed 0.39 per cent lower on Tuesday at 6,020.50 points.
The broader All Ordinaries index (^AORD) was also lower, finishing down 0.37 per cent to 6,146.80 points after rising as much as 1.2 per cent in early trade.
The fall came after gold prices fell flat earlier this afternoon while healthcare, financials, energy and real estate stocks stumbled.
What happened at midday?
The ASX200 was 0.55 per cent higher at 12:32pm AEST, at 6,077.60 points.
The All Ordinaries was also 0.58 per cent higher, at 6,205.30 points.
The midday moves came as the Australian Bureau of Statistics released its payroll data from mid-June to mid-July. It found employment fell 1.1 per cent, with Victoria seeing the worst tumble.
The ASX was buoyed at lunchtime by surging gold prices with spot gold hitting a record high of US$1,945.16 per ounce overnight boosting mining giants.
What happened this morning?
The ASX200 lifted 0.83 per cent at the open, after tech giants saw Wall Street finish in the green overnight.
That brought the ASX200 to 6,094.10 points at 10:24am AEST.
The All Ordinaries also gained 0.87 per cent to 6,223.40 points.
Australian investors were this morning keeping an eye on case numbers after Victoria recorded an astounding increase of 532 cases on Monday – the worst increase on record.
What happened last night?
Apple, Amazon, Facebook and Alphabet Inc. led Wall Street higher overnight as investors hoped for promising earnings reports from the tech giants this week.
The Dow Jones Industrial Average rose 114.88 points, or 0.43 per cent, to 26,584.77, the S&P 500 gained 23.78 points, or 0.74 per cent, to 3,239.41 and the Nasdaq Composite added 173.09 points, or 1.67 per cent, to 10,536.27.
With AAP.
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