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Yesterday, the ASX200 broke its 3-day winning streak, dipping 0.06% or 4 points, as blue chips, tech and healthcare stocks weighed down on the market.
Sector wise, the market was mixed. The energy sector was strong, up nearly 2%, while the tech sector was the worst performer, which fell 1.72%. Travel stocks performed well: Flight Centre (ASX:FLT), Webjet (ASX:WEB) and Qantas (ASX:QAN) all advanced between 4-6% as the nation’s border restrictions were set to ease, allowing vaccinated travellers to enter the United States for non-essential reasons. Sydney Airport (ASX:SYD) rose 2.8% yesterday after its board accepted the $23.6 billion takeover offer. The worst performers: tech shares Xero (ASX:XRO), EML Payments (ASX:EML) and Appen (ASX:APX) all came under pressure, however the worst performer was medical device company PolyNovo (ASX:PNV) which fell nearly 10% after its Managing Director Paul Brennan handed in his resignation.
In the US, all three benchmarks lifted, with the Dow advancing over 100 points. This comes after Congress passed a more than $1 trillion infrastructure bill, now awaiting President Joe Biden’s signature. The package will help provide new funding for transportation, utilities and broadband. The S&P500 pushed forward 0.1% and the tech-heavy Nasdaq rose 0.2%.
After a positive session on Wall Street, the futures are suggesting the Aussie share market will open 0.15% higher this morning.
What to watch today: