On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.65% to 8,251.9 points.
Will the market bounce back from this on Wednesday? Here are five things to watch:
ASX 200 expected to fall again
The Australian share market looks set to fall again on Wednesday following a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 18 points or 0.2% lower this morning. In late trade in the United States, the Dow Jones is up 0.4%, but the S&P 500 is down 0.35% and the Nasdaq is 1.1% lower.
Woolworths half year results
Woolworths Group Ltd (ASX: WOW) shares will be on watch on Wednesday when the supermarket giant releases its half year results. Goldman Sachs is expecting the company to report a 4% increase in sales but an 18.3% decline in EBIT. It explains: "We look for +4.0%/-18.3% YoY sales/EBIT growth in 1H25. While this is ~9% below VA Consensus on EBIT, which we attribute to the one-off impact of DC disruption still to be fully factored in. We estimate this impact to be ~A$100mn. Excluding this gives EBIT growth of -12% YoY. From 3Q25, we see comps easing and forecast ~3% LFL sales (normalized for 53rd week last year)."
Oil prices tumble
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a poor session after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 2.35% to US69.04 a barrel and the Brent crude oil price is down 2.25% to US$73.10 a barrel. The potential lifting of sanctions on Russia put pressure on oil prices.
Gold price sinks
It could be a difficult session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price tumbled overnight. According to CNBC, the gold futures price is down 1.3% to US$2,924.2 an ounce. Traders appear to have been taking profit after some strong gains.
Domino's rated as a buy
Domino's Pizza Enterprises Ltd (ASX: DMP) shares are a buy following a 10.5% selloff on Tuesday. According to a note out of Goldman Sachs, its analysts have retained their buy rating on the pizza chain operator's shares with a slightly trimmed price target of $37.30. This implies almost 30% upside for investors over the next 12 months. It said: "DMP is trading at FY26 PE of ~18x vs FY25-27e EPS CAGR of ~19%. Reiterate Buy with new TP of A$37.3/sh (prev A$38.30/sh)."
