Live: SpaceX earnings beat estimates but costs balloon
SpaceX's results beat analyst estimates but the firm is yet to turn a profit. Meanwhile, the Australian share market is set for another day of gains. Follow live.
Australia's share market finished at a record high on Wednesday, alleviating concerns over the Japanese yen after recent interventions. Traders remain hopeful for a deal between the US and Iran to reopen the Strait of Hormuz. The ABC business live blog provides live updates on market and economic developments. The main performers on the ASX200 were Neuren Pharmaceuticals, 4DMedical, and IperionX Limited, while Woodside Energy, Domino's Pizza, and Karoon Energy were among the worst performers.
The S&P/ASX200 reached an intraday high of 9,230 points before closing at 9,227 points, marking a 0.9% increase. Among the top performers were Neuren Pharmaceuticals, 4DMedical, and IperionX Limited, while Woodside Energy, Domino's Pizza, and Karoon Energy were among the worst. The mining sector led the sector race with a 3.3% gain, but losses in the energy sector prevented further index gains.
Wall Street's Dow Jones Industrial Average hit a record high overnight, boosting investor hopes for renewed gains in tech stocks. Gold prices are trading at around US$4,161 per ounce, up 2.1% from the previous session. Strategists predict gold could reach $4,500-$5,000 per ounce by year-end or early 2027, driven by Chinese physical demand and central bank purchases in emerging markets.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
