Market Close 13 Jan 25: The market closes with around 75% of stocks in the red

CommSec Market Update

The Aussie market has seen its biggest decline today in around 3 weeks wiping out all the gains of last week. Laura and Stevie unpack this performance which was largely fuelled by the US sharemarket which performed poorly on Friday following jobs and unemployment data that could result in a US rate cut being pushed out. Locally energy stocks have been the winners today, but the financial sector has continued to drag on the market. Myer gained attention today as did NRW Holdings, and Stevie and Laura look at what could be to expect as the week continues.

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