Dips

• The S&P 500 index closed at 6,450.06, down 16.52 points or 0.26%, reflecting cautious trading in US equities over the past day. • Broader market showed divergence with Dow Jones ETF down 0.16% at 492.21, while S&P ETF rose 0.77% to 713.94 and Nasdaq QQQ gained 1.88% to 663.88. • Gold prices fell to 4,725.40 per ounce, down 15.50, amid shifting investor risk appetite ahead of economic data releases.

• The share of Affordable Care Act customers in plans exceeding $6,000 yearly doubled following expiration of Covid-era assistance, signaling household budget pressures. • US Centers for Medicare and Medicaid Services data shows 2026 enrollment fell 5% to 23.1 million, with further drops expected from premium non-payers. • This cost surge underscores ongoing affordability challenges in the Obamacare marketplace post-subsidy end.

Markets in Asia and Europe move higher, while crude hovers at about $100 a barrel amid cautious optimismBusiness live – latest updatesThe price of oil has dipped and Asian stock markets moved higher after reports that Donald Trump has sent a 15-point framework for peace to Iran, amid hopes of a ceasefire in the Middle East.Oil prices had fallen by 4% in the early hours of Wednesday, with brent crude futures sinking below $100 a barrel and even moving as low as $97.57 as trading was influenced by the prospect of an end to the conflict easing the squeeze on oil supply. Continue reading...

Tropical cyclone expected to make landfall in far north Queensland within hours. Follow today’s news live Get our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Luca Ittimani with the main action.There’s plenty of news about but the main action this morning is in far north Queensland, where a huge and fierce storm is about to make landfall. Continue reading...