ASX reporting season updates: Everything you need to know about companies revealing results today

We’re on the home stretch - the final two days of a big fortnight of reporting season. Up today is Qantas and Rebel and BCF owner Super Retail Group.

Daniel Newell
The West Australian
The twin tower complex known as Civic Heart in South Perth.
The twin tower complex known as Civic Heart in South Perth. Credit: supplied/TheWest

We’re on the home stretch - the final two days of a big fortnight of reporting season.

Up today is Qantas and Rebel and BCF owner Super Retail Group, along with Lynas Rare Earths, Worley and Monash IVF.

Hang in people, we’re almost there.

Daniel Newell

While you were sleeping ...

Wall Street has ended higher, extending its tech-led rally and touching two-week highs as worries about artificial intelligence disruption and costs take a back seat to renewed optimism over the nascent technology’s potential benefits.

All three major US stock indexes advanced, with the Nasdaq, powered by chips, enjoying the largest percentage gain as markets near the end of a tumultuous month that was marked by concerns over massive investment in AI infrastructure and the extent to which it could disrupt myriad industries.

“We’re in the middle of a push-pull here between some negative sentiment and some extreme price action in parts of the market,” said Zach Hill, head of portfolio management at Horizon Investments in Charlotte, North Carolina.

“I think the (AI) disruption concerns are more acute right now than worries over return on investment,” Hill added.

“Investors are trying to grapple with what could potentially be existential risk, and that’s a bigger deal than not receiving as much payout as you would like.”

Read the full market report here.

Originally published on The West Australian

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