S&P/ASX 200 (INDEXASX:XJO) opened weaker today and is down about 0.30% at 12.51 pm as Washington failed again to overcome its partisan differences over a new round of virus relief aid.
The Dow Jones Industrial Average closed down more than 410 points or 1.44% at 28,195.42.
However, U.S. stock futures rose on Monday evening after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” in a Monday afternoon phone call to discuss another stimulus package.
Materials fall while Technology leads improvements
Leading declines on the ASX has been the materials sector with a 0.82% drop despite stronger commodity and metals prices.
Most sectors are lower with financials, healthcare and communications also weighing on the market while technology leads improvements with a 1.8% gain.
BHP guidance remains unchanged
Mining giant BHP Group (ASXBHP) is one of the major weights on the market, falling 1.18% following the release of its September quarter production update.
The company’s iron ore production over the quarter lifted 8% to 66 million tonnes compared to last year with the miner shipping 74 million tonnes. Full year guidance remains unchanged.
Today’s top gainers on the ASX include Netlinkz Ltd (ASX:NET) (+9.33%), Great Boulder Resources Ltd (ASX:GBR) (+20.90%), Yandal Resources Ltd (ASX:YRL) (+13.89%), Eclipse Metals Ltd (ASX:EPM) (+12.50%), Ironbark Zinc Limited (ASX:IBG) (+8.33%) and Rimfire Pacific Mining N L (ASX:RIM) (+9.09%).
Proactive news headlines:
Galileo Mining's EM conductors reveal new Lantern East drill targets in Fraser Range
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Talisman Mining's new exploration phase will include drilling of Lachlan project gold-copper targets
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Opyl provides leading biopharma organisations access to emerging AI-assisted technologies
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Mali Lithium's DFS confirms Goulamina as economically robust, world-class lithium project
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Aeris Resources selling Yandan Gold Project in Queensland to GBM Resources
Netlinkz confident customer receipts will continue to rise after posting quarterly record
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