Evening Wrap: ASX 200 higher, uranium stocks break out + S&P 500 faces inflation test

The S&P/ASX 200 closed 16 points higher, up 0.23%.

The local sharemarket inches higher despite a strong lead from Wall Street, Australia’s consumer confidence remains near recession lows while business confidence falters, JPMorgan expects the S&P 500 to trade flat to up to 0.5% after tonight’s inflation print, an ASX-listed small cap receives a takeover bid at a massive 165.3% premium and uranium stocks are breaking out … selectively.

Let’s dive in.

Today in ReviewTue 13 Jun 23, 4:27pm (AEST) Name Value % Chg Major Indices ASX 200 7,138.9 +0.23% All Ords 7,329.1 +0.23% Small Ords 2,805.4 +0.24% All Tech 2,401.2 +2.36% Emerging Companies 2,043.6 +0.11% Currency AUD/USD 0.6762 +0.17% US Futures S&P 500 $4,355.0 +0.28% Dow Jones $34,126.0 +0.13% Nasdaq $14,873.0 +0.49% Name Value % Chg Sector Information Technology 1,810.6 +3.76% Communication Services 1,541.2 +1.05% Health Care 44,378.7 +0.98% Consumer Discretionary 2,914.9 +0.94% Consumer Staples 12,923.1 +0.70% Financials 5,997.8 +0.55% Industrials […]

Click here to view original web page at www.tradingview.com

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.