2220 GMT - Australian stocks are expected to start the day in the red, with ASX futures down by 0.4% ahead of the open. That suggests the benchmark index may retrace some of its recent gains, having enjoyed a solid start to 2025 with five consecutive days in the black. On Wall Street earlier, stocks swung between gains and losses. The S&P 500 finished the day up 0.2% and the Dow Jones Industrial Average added 0.3%, while the tech-heavy Nasdaq Composite fell less than 0.1%. Before the bell, mining services contractor Macmahon said it got a A$463 million contract for an Indonesian gold project. Miner Westgold Resources reported a rise in quarterly gold output both on quarter and versus a year ago. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 08, 2025 17:20 ET (22:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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