Today: 29 June 2026
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NASDAQ:360 15 January 2026 - 12 May 2026

Australia Stock Market Today: ASX 200 Falls as Banks Drop Before Budget, Miners Rally on Copper

Australia Stock Market Today: ASX 200 Falls as Banks Drop Before Budget, Miners Rally on Copper

The S&P/ASX 200 fell 0.36% to 8,670.7 on Tuesday, led lower by banks, tech stocks, and CSL ahead of the federal budget. ANZ and NAB dropped 2.1% each, while Life360 plunged 10.9% after a user-growth glitch despite strong revenue. DroneShield slid 9.9% after disclosing an ASIC probe. Miners rose, with BHP up 2.5% as copper hit a record high.
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

Australian shares ended lower Wednesday, with the S&P/ASX 200 down 0.09% after inflation data showed annual CPI at 3.8%. Swaps now price a 73% chance of a February rate hike. Electricity prices surged 21.5% over the year. The Australian dollar hovered near 69.9 U.S. cents late in the session.

Stock Market Today

  • Morning Wrap: ASX 200 set to rise, S&P 500 steady, Nasdaq declines as US-Iran agree to cease strikes
    June 28, 2026, 7:10 PM EDT. The ASX 200 index is expected to open higher, reflecting renewed investor confidence. Meanwhile, the S&P 500 is projected to remain flat, indicating cautious market sentiment. In contrast, the Nasdaq composite index is slipping, pressured by tech sector volatility. Notably, the U.S. and Iran have agreed to halt strikes, a diplomatic development that may ease geopolitical risks influencing market dynamics. Investors are weighing these mixed signals amid broader global economic concerns.

Latest articles

Trump-era loan caps could open door for private lenders in grad school market

Trump-era loan caps could open door for private lenders in grad school market

29 June 2026
July 1 federal loan caps slash Grad PLUS access, forcing many graduate and professional students to seek private loans; Sallie Mae projects up to 70% origination growth over several years, while SoFi reports record student-loan volume—investors now face a real-time test of how much demand shifts to private lenders as federal limits hit.
IREN Limited (NASDAQ:IREN) slides as Warriors badge faces AI revenue test

IREN Limited (NASDAQ:IREN) slides as Warriors badge faces AI revenue test

29 June 2026
IREN Limited (NASDAQ:IREN) plunged 21.3% to $47.21 over five straight down days despite announcing a record $50M+ annual Warriors jersey deal, as investors focused on the company’s not fully contracted $4.4B target ARR and high short interest at 19.74% of float, with Friday’s close near the lowest analyst target.
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