Macquarie Group Shares Drop, Affecting ASX Performance
The Australian share market closed lower on Friday, marking its second consecutive weekly decline. The S&P/ASX 200 Index fell by 0.7% to 8,769.7 points.
Macquarie Group Earnings Disappoint
Shares in Macquarie Group dropped 5.7% to $204.77 after reporting a half-year net profit of $1.7 billion for the six months ending September 30. This result missed analyst expectations by 10.4%, according to UBS.
Tesla's Annual Meeting and CEO Compensation
Tesla held its annual general meeting in Texas, where shareholders approved the largest-ever CEO compensation package for Elon Musk.
Disclaimer: This blog is not intended as investment advice. Prices are current as of around 4:35pm AEDT.
Live updates on the major ASX indices continued throughout the day. Wishing everyone a happy Friday.