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ASX:PDN.AX 28 January 2026

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Sydney, Jan 28, 2026, 21:53 — Market closed. Australian shares slipped slightly on Wednesday, ending a three-day winning streak as hotter inflation data raised bets on an imminent rate hike. The S&P/ASX 200 dipped 7.7 points, or 0.09%, closing at 8,933.9. The broader All Ordinaries fell 0.19% to 9,250.6.

Stock Market Today

  • Microsoft (MSFT) Sinks 1.18% While Indexes Rise
    June 29, 2026, 10:45 PM EDT. Microsoft (NASDAQ: MSFT) dropped 1.18% to $368.57, even as the S&P 500 climbed 1.18% and the Dow Jones added 0.59%. Microsoft shares have fallen 17.16% in the past month, lagging both tech and the wider market. Investors are watching for the company's next earnings report, with analysts looking for EPS up 15.34% to $4.21 on revenue growth of 14.41% to $87.46 billion. The stock has a Zacks Rank #3 (Hold) and trades at a Forward P/E of 21.53. Analysts have trimmed estimates, and sector pressure keeps the outlook cautious heading into results.
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