CommSec Market Update

Market Close 24 Mar 26: Aussie market snaps three-day slide amid uncertainty

24 Mar 2026

Audio

Description

A long-awaited reprieve arrived today, with the local market snapping a three-session losing streak after President Trump postponed strikes on Iranian energy assets. While the index surged early on, gains faded to 0.4% by the close as skepticism grew over conflicting reports of peace talks. Despite the bounce, the market remains down nearly 9% this month after briefly entering correction territory yesterday. Miners provided the heavy lifting with a 3% jump, offsetting a weak Financials sector. Energy stocks proved resilient; after an initial slump, the sector recovered as Brent crude climbed back above $103 a barrel. Meanwhile, Myer shares retreated after a 17% profit drop overshadowed record Black Friday sales. All eyes now shift to tomorrow's crucial February inflation data. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes

🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Other episodes from CommSec Market Update

Transcribed and ready to explore now

PM 18 Jun 26: Aussie market breaks its winning streak

18 Jun 2026

CommSec Market Update

AM 18 Jun 26: Fed jolt sinks US stocks and bonds

17 Jun 2026

CommSec Market Update

PM 17 Jun 26: Aussie Market hits 5 week high

17 Jun 2026

CommSec Market Update

AM 17 Jun 26: Oil tumbles, ASX set to ease

16 Jun 2026

CommSec Market Update

PM 16 Jun 26: ASX catches its breath after RBA decision

16 Jun 2026

CommSec Market Update

AM 16 Jun 26: Dow hits record on US-Iran peace deal

15 Jun 2026

CommSec Market Update

View all episodes from CommSec Market Update

Comments

There are no comments yet.

Please log in to write the first comment.

Report any issue

CommSec Market Update

Market Close 24 Mar 26: Aussie market snaps three-day slide amid uncertainty

This episode hasn't been transcribed yet

Other episodes from CommSec Market Update

PM 18 Jun 26: Aussie market breaks its winning streak

AM 18 Jun 26: Fed jolt sinks US stocks and bonds

PM 17 Jun 26: Aussie Market hits 5 week high

AM 17 Jun 26: Oil tumbles, ASX set to ease

PM 16 Jun 26: ASX catches its breath after RBA decision

AM 16 Jun 26: Dow hits record on US-Iran peace deal

Sign in to Audioscrape

Share this moment