Today: 10 June 2026
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ASX:EDV 13 January 2026 - 28 May 2026

ASX 200 slumps on oil shock, banks and tech drop

ASX 200 slumps on oil shock, banks and tech drop

Australian shares fell sharply Thursday, with the S&P/ASX 200 down 1.4% to 8,592.90 as renewed fighting near the Strait of Hormuz drove oil prices higher. Banks, miners, and tech stocks each lost over 2%, while gold miners dropped as much as 7.1%. April CPI eased to 4.2%, but core inflation remained above the Reserve Bank’s target. Investors remain focused on Middle East tensions and inflation risks.
Australia stock market today: ASX 200 ends higher as miners, banks climb; Endeavour and GQG slide

Australia stock market today: ASX 200 ends higher as miners, banks climb; Endeavour and GQG slide

Australian shares closed up 0.56% at 8,808.50, led by gains in miners and banks, while energy stocks fell. BHP rose 2.3%, Rio Tinto 2.2%, and Endeavour Group dropped 2.9% on margin pressure. GQG Partners slid 8.6% after reporting US$2.1 billion in December net outflows. Investors await U.S. inflation data due Wednesday.

Stock Market Today

  • M&T Bank Corporation (MTB) Dividend and Earnings Growth Analysis
    June 10, 2026, 1:30 PM EDT. M&T Bank Corporation (MTB) offers a 3.03% dividend yield, slightly below the regional bank industry's 3.68% average. The bank has increased its dividend three times in five years, averaging a 5.45% annual rise. MTB's payout ratio stands at a conservative 36%, supporting dividend sustainability. Earnings estimates for 2025 indicate an 8.2% growth to $16.10 per share, which could drive future dividend increases. Despite a 5.31% share price decline this year, MTB remains a solid income investment, balancing dividend income with growth potential amid rising interest rates.

Latest articles

UiPath Stock Moves Higher, but ARR Growth Stays in Focus for PATH

UiPath Stock Moves Higher, but ARR Growth Stays in Focus for PATH

10 June 2026
UiPath shares edged up 1% to $10.87 after Tuesday’s 3.76% drop, as investors focus on slowing ARR growth; the company guided Q2 ARR to $1.929–$1.934 billion, below last quarter’s $49 million net new ARR, leaving Wall Street cautious despite first-ever GAAP profitability and a new $500 million buyback.
BigBear.ai Stock Bounces as Shareholder Vote Squeeze Meets Panama AI Speculation

BigBear.ai Stock Bounces as Shareholder Vote Squeeze Meets Panama AI Speculation

10 June 2026
BigBear.ai shares rose 2.8% to $4.10 as investors weighed the approved move to double authorized shares to 1 billion, giving the company flexibility for financing but raising dilution risks, while the Panama cargo-security rollout and $281.9 million backlog keep growth hopes alive amid ongoing losses and revenue conversion questions.
Cracker Barrel Jumps After Surprise Profit Forces Investors to Rethink Turnaround

Cracker Barrel Jumps After Surprise Profit Forces Investors to Rethink Turnaround

10 June 2026
Cracker Barrel shares soared 26% after a surprise Q3 profit and raised 2026 revenue and adjusted EBITDA outlook, even as restaurant traffic stayed negative; investors focused on improved guidance and cost cuts, with Wells Fargo upgrading the stock and raising its price target to $50, but risks remain if guest counts don’t recover.
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