By Staff press reporter Updated October 16, 2024– 5.35 pm Welcome to your five-minute wrap-up of the trading day. The numbers The Australian sharemarket remained in the red throughout the day on Wednesday, tracking losses on Wall Street, which has actually drawn back from its records after the rate of petroleum toppled and innovation stocks failed. The S&P/ ASX 200 closed 33.7 points or 0.4 percent lower to 8284.7 after opening greatly lower. 10 of the benchmark index’s 11 market sectors decreased, with banks the only intense area. Innovation stocks weighed on Wall Street. Credit: Reuters The lifters Some miners carried out well on the bourse on Wednesday, with Evolution Mining (up 6.8 percent), Regis Resources (up 6.7 percent), Genesis Minerals (up 5.3 percent) and Capricorn Metals (up 4.6 percent) completing at the top of the index. Bank of Queensland closed 6.5 percent greater regardless of revealing a 24 percent depression in money earnings to $343 million in the 2024 fiscal year, weighed down by an extremely competitive home loan market, in addition to greater business expenses and financial investments in innovation and regulative compliance. Monetary stocks (up 0.3 percent) remained in the green, restricting the bourse’s total decrease, with the huge 4 banks all acquiring in between 0.4 percent and 0.8 percent. Banking stocks were buoyed after United States leviathans Goldman Sachs, Citigroup and Bank of America all published better-than-expected earnings on Tuesday. The laggards Energy stocks and miners were
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