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Market Index - Tuesday Morning Wrap

ASX 200 futures are down 9 points to 7,879, as of 8:40am AEST.

At the end of last year, we compiled a piece on the rush (and indeed, the uselessness) of S&P 500 year-end targets. Well, we're five months into 2024, and research houses who have not already changed their targets at least once are now springing into action. The NASDAQ closed at another record high while the S&P 500 rally is estimated to have added US$12 trillion in wealth since the surge began last October.
Will today be the day the ASX 200 notches its record high? Locally, we're already seeing a few interesting corporate catalysts - not least the fact that James Hardie has notched up another record earnings year in spite of what's meant to be a tough homebuilding and construction market.
Let's dive in.

[URL unfurl="true"]https://www.marketindex.com.au/news/morning-wrap-asx-200-to-edge-lower-james-hardie-reports-record-earnings[/URL]

<blockquote data-quote="debtfree" data-source="post: 1279915" data-attributes="member: 20158">Market Index - Tuesday Morning WrapASX 200 futures are down 9 points to 7,879, as of 8:40am AEST.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; At the end of last year, we compiled a piece on the rush (and indeed, the uselessness) of <a href="https://www.livewiremarkets.com/wires/where-will-the-s-p-500-finish-2024-some-analysts-are-miles-apart" target="_blank">S&amp;P 500 year-end targets</a>. Well, we&#039;re five months into 2024, and research houses who have not already changed their targets at least once are now springing into action. The NASDAQ closed at another record high while the S&amp;P 500 rally is estimated to have added US$12 trillion in wealth since the surge began last October.Will today be the day the ASX 200 notches its record high? Locally, we&#039;re already seeing a few interesting corporate catalysts - not least the fact that James Hardie has notched up another record earnings year in spite of what&#039;s meant to be a tough homebuilding and construction market.Let&#039;s dive in.[URL unfurl=&quot;true&quot;]https://www.marketindex.com.au/news/morning-wrap-asx-200-to-edge-lower-james-hardie-reports-record-earnings[/URL]</blockquote>

[QUOTE="debtfree, post: 1279915, member: 20158"] Market Index - Tuesday Morning Wrap [B]ASX 200 futures are down 9 points to 7,879, as of 8:40am AEST.[/B] At the end of last year, we compiled a piece on the rush (and indeed, the uselessness) of [URL='https://www.livewiremarkets.com/wires/where-will-the-s-p-500-finish-2024-some-analysts-are-miles-apart']S&P 500 year-end targets[/URL]. Well, we're five months into 2024, and research houses who have not already changed their targets at least once are now springing into action. The NASDAQ closed at another record high while the S&P 500 rally is estimated to have added US$12 trillion in wealth since the surge began last October. Will today be the day the ASX 200 notches its record high? Locally, we're already seeing a few interesting corporate catalysts - not least the fact that James Hardie has notched up another record earnings year in spite of what's meant to be a tough homebuilding and construction market. [B]Let's dive in.[/B] [URL unfurl="true"]https://www.marketindex.com.au/news/morning-wrap-asx-200-to-edge-lower-james-hardie-reports-record-earnings[/URL] [/QUOTE]

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