Steve Daghlian

We're sitting at a fresh three-week low as well.

And I think it's easy to forget that despite this losing streak, the market is still up this month.

We're still up by roughly 2%.

But I think it doesn't really feel like that because a few weeks ago, we're up three times as much.

And this decline has just taken some of that shine off.

Yeah, and really helpful for markets when you get hot inflation and the expectation of more interest rate hikes to come.

Early in the month as well, we actually cracked 9,000 points for the first time in, I mean, not that long, but still, of course, in March, we had that really big decline of almost 8%.

So things were looking pretty good.

And I think we were hitting our head on that 9,000 point ceiling for a while.

And then, of course, the fact that there was pretty much no progress being made between the US and Iran, that hasn't really been helpful for markets in the last week or two.

Wow.

And they've got that massive tech sector, of course.

We're dominated by the miners and financials over in the United States.

It's basically all tech that's the driving force.

And that's why I should touch on some of those big tech names that came out with their results after the US market shut early this morning, Sydney time.

We had some pretty big movements in both directions.

So it's likely to have an effect on US markets when they reopen again tonight.

So one of the big winners in after hours trade was Alphabet.

This is Google's parent company.

It was up around 7% in after hours trade.