Michael Thompson

Thank you for your company.

Join us again next week.

Welcome to the Fear and Greed Business News Afternoon Report for Tuesday the 9th of June 2026.

I'm Michael Thompson.

Every afternoon we've got the five stories that happened today that you need to know about.

Let's get cracking with story number one.

The S&P ASX 200 closed down 0.2% today to 8,604 points.

It could have been a whole lot worse after falling as much as 1.6%.

Earlier in the session when trading resumed after the King's birthday holiday weekend, markets were initially rattled by that stronger than expected US jobs report that was released in the US on Friday.

Talked about that on yesterday afternoon's report and then again in this morning's show.

That was all about the potential for higher interest rates in the US for longer.

Sentiment improved, though, during the session as technology stocks recovered globally.

On the ASX, it was the mining stocks that weighed pretty heavily on the market, though, today.

Gold miners fell after the price of gold settled around $4,340 an ounce.

Newmont was down almost 5%.

Northern Star off 3.3%.

Iron ore hovering around $100 a ton.

The major miners, BHP, Rio Tinto, both fell nearly 2% today.

while Fortescue dropped nearly 4%.

Technology stocks did also finish a little weaker, though they did recover from larger early losses.