Sonder Spotlight

Your weekly roundup of market moves and investor insights 💰

Author

Sonder Management
August 24, 2024 • Reading Time: 3 minutes

ASX Markets

  • The S&P/ASX200 closed down just 3.10 points on Friday to 8,023.90.

  • Bottom performers included Inghams Group Limited (-20.16%) and Spark New Zealand Limited (-7.40%).

  • Over the last five days, the index has gained 0.66%.

  • 8 of 11 sectors are higher over the last week.

  • Information Technology was the top-performing sector, up 8.65% over the past five days.

  • The index is currently 1.53% below its 52-week high.

Sector map calculated by performance for last 7 days.

S&P 500 Weekly Risers & Fallers

1 week performance of Standard and Poor's 500 index stocks categorised by sectors and industries. Size represents market cap.

Today in History

24th August 2008
The Beijing Summer Olympics becomes the most watched event on TV ever - nearly 5 billion, 70% of world's population.

Headline Roundup

Silver demand to soar with breakthrough of Samsung silver solid state battery

Samsung has reportedly had a major breakthrough in their research of solid-state batteries and the latest success is a silver solid-state battery. This breakthrough could massively increase the demand for silver.

Talkmarkets.com

Gold's run set to continue as US$2,500 milestone fuels predictions of further gains

Analysts generally agree that gold is still on its way up after it nearly reached US$2,500 over the weekend. With growing confidence that US rates are headed lower, gold market followers are tipping it to rise further.

Smallcaps.com.au

World’s largest uranium producer slashes production target

Move by Kazakh mining company Kazatomprom threatens to squeeze supplies of the radioactive fuel.

Financial Times

ECU breaks new ground in precious metals extraction

Researchers from Edith Cowan University’s Mineral Recovery Research Centre have successfully extracted rubidium from ore samples supplied by Everest Metals Corporation (ASX:EMC).

Mining.com.au

Copper demand set to soar 75% by 2050, Wood Mackenzie warns

The price of copper continues to rebound on news of a potential increase in Chinese stimulus measures and an increasing belief that the US Federal Reserve

Smallcaps.com.au

What to Watch

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