Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.21% to 6,094.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.18% to 6,197.20
- AUD/USD at US 75 cents
- Gold at US$1,292.05 an ounce
- Brent Oil at US$79.42 a barrel
The best two performers in the ASX200 today were lithium miners. Galaxy Resources Limited (ASX: GXY) went up by 8.4% and Orocobre Limited (ASX: ORE) went up 7.1% after Kidman Resources Ltd (ASX: KDR) announced a deal with Tesla, Kidman’s share price went up 2.8% today. The lithium price has been steadily going up in recent weeks too.
a2 Milk Company Ltd (ASX: A2M) recovered some of its lost ground today after disappointing the market yesterday with a trading update and FY18 forecast, the share price went up 2% today.
The Westpac Banking Corp (ASX: WBC) share price was down 3.7% today after going ex-dividend.
Treasury Wine Estates Ltd (ASX: TWE) shares fell 6.2% after the AFR published an article saying that there are oversupply issues to China.
Another share to fall today was Bellamy’s Australia Ltd (ASX: BAL), it dropped another 3.7% today after falling yesterday alongside a2.
Here are some of today’s top stories:
- Australia adds 14,000 new jobs in April
- Here’s To The Crazy Ones
- Why the only way for Telstra Corporation Ltd to redeem itself is to cut its dividend
One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.
Everyone is talking about the artificial intelligence revolution.
Harvard Business Review calls it, “the most important general-purpose technology of our era.”
One Google Insider predicts AI, “will be as transformative as the discovery of electricity.” And it already is transforming industry after industry.
After all we have been hearing about AI for years…but it never really lived up to the hype…so what’s finally unlocked this huge tidal wave of innovation?
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and PUSHPAY FPO NZX. The Motley Fool Australia has recommended Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.