ASX Update: Uranium producers lead as market rebounds

ASX Update: Uranium producers lead as market rebounds

The share market clawed back some of yesterday’s heavy losses as energy producers rallied with crude and uranium prices.

A day after falling almost 2 per cent to its heaviest loss since June, the S&P/ASX 200 bounced 38 points or 0.55 per cent.

A major dividend upgrade boosted Woodside Energy. Speculative and gold stocks rebounded after copping some of the worst of yesterday’s selling. What’s driving the market

The ASX 200 rebounded after US stocks fell less overnight than futures action implied during yesterday’s bloodletting here. The S&P 500 declined 0.67 per cent. The US benchmark briefly turned positive before falling away again in the final hour.Australian traders were also encouraged by steady US futures this morning. S&P 500 futures were flat at the halfway mark in Australia.The bounce came as investors mull what happens next following a volatile year on world markets. The S&P 500 lost around a quarter of […]

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