From Nasdaq: 2025-01-08 19:59:36

The Australian market is trading lower, led by weakness in the technology and iron ore sectors, with gold miners as the only bright spot. The S&P/ASX 200 is down 0.56% to 8,302.60, after hitting a low of 8,293.30. Major miners like Mineral Resources and Rio Tinto are declining, while oil stocks and tech companies are also facing losses. In economic news, retail sales were up 0.8% in November, while Australia posted a merchandise trade surplus of A$7.079 billion in November. On Wall Street, stocks closed mixed, with the Nasdaq down 0.1%, the Dow up 0.3%, and the S&P 500 up 0.2%.



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