FEAR & GREED | Business News Afternoon Report | Markets fall, Mixed earnings
Nov 7, 2025
Markets took a hit, particularly in tech and financial sectors. Corporate earnings reports showed mixed results, with Macquarie notably missing expectations. The media sector faces challenges with advertising, while subscription models show resilience. In a major development, Elon Musk's massive pay package received shareholder approval, stirring up governance discussions. Stay informed about these key business stories and their implications for the market.
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Market Drops Led By Tech And Financials
- The S&P ASX 200 fell 0.7% to 8,770, its lowest close in six weeks and down for the week.
- Tech, financials and consumer sectors led after Wall Street weakness and Macquarie's miss hit the market.
Mixed Corporate Reports And A Qantas Incident
- Corporate earnings were mixed with REA up modestly while Alliance Aviation and Qantas warned on weaker outlooks.
- Qantas also faced a safety incident in its international lounge that forced an evacuation.
Macquarie Misses Expectations Despite Strong Deals
- Macquarie's profit rose 3% to $1.7bn but missed forecasts by over 10% and its commodities unit weakened.
- The result included offshore wind write-downs and an ongoing regulator suit over alleged misreporting.