Wall Street drifted higher overnight as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports.
Calm returned to Wall Street overnight, and tech stocks led US indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom.
Billions of dollars have been wiped from the Australian share market as it plunged to its worst loss in four months and the dollar fell to a near five-year low.
Australia is leaning on its strong ties to the United States and a trade surplus to keep out of Donald Trump's firing line as he imposes tariffs on allies.
US stocks ended a volatile session higher overnight as investors digested a stack of key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.
The ASX200 has hit a new high in intraday trading and finished just under its all-time closing record amid optimism the RBA will cut rates at its next meeting.
US stocks ended higher overnight, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains.
The ASX200 has finished down 0.1 per cent, with double-digit losses for uranium developers as the rise of cheap Chinese AI prompts a rethink of narratives.
The Nasdaq posted its biggest one-day percentage drop since December 18 on overnight as a low-cost Chinese artificial intelligence model prompted a steep selloff in US chipmakers.
The benchmark S&P 500 rose to a record closing high overnight as investors assess a mixed bag of corporate earnings and digest comments from President Donald Trump, including a call for cuts in interest rates and oil prices.
