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ASX:RRL News 4 February 2026

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Sydney, Feb 4, 2026, 21:49 AEDT — Market closed Australian shares ended Wednesday on a strong note, propelled by gains in miners and banks despite a sharp drop in tech stocks. The S&P/ASX 200 climbed 0.8% to 8,927. Materials surged 3.6% and energy rose 3.0%, while information technology plunged 9.4%. Yancoal Australia led the charge, jumping 9%, but Xero tumbled…
4 February 2026
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Stock Market Today

  • Jim Cramer's Top 10 Market Watch Points for Wednesday, Feb 4
    February 4, 2026, 9:22 AM EST. Jim Cramer highlights key market themes for Wednesday. The S&P 500 edged higher amid subdued U.S. jobs data. Enterprise software stocks like Salesforce faced pressure over AI concerns. Private equity firms KKR and Blackstone are vulnerable to AI competitor Anthropic's business services. Nvidia is reportedly close to a $20 billion investment in OpenAI, reinforcing its AI commitment. Advanced Micro Devices' shares fell 10% despite strong earnings and guidance, raising doubts about market expectations. Eli Lilly surged 8.5% after beating earnings driven by GLP-1 drug demand, shaking off competitor fears. Chipotle dropped over 6% on weak sales and traffic forecasts, prompting price target cuts. GE Vernova received an upgrade with a higher price target, boosted by the energy infrastructure cycle.
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