Macquarie Group Shares Drop, Impacting ASX
The Australian share market ended lower on Friday, marking its second weekly decline in a row. The S&P/ASX 200 Index dropped 0.7% to 8,769.7 points.
Macquarie's Earnings Disappoint
Shares in Macquarie Group fell 5.7% to $204.77 following the release of its half-year net profit report. The company reported a net profit of $1.7 billion for the six months ending September 30, missing analyst forecasts by 10.4%, according to UBS.
Tesla's Annual Meeting and CEO Compensation
Meanwhile, Tesla held its annual general meeting in Texas, where shareholders approved the largest CEO compensation package ever awarded to Elon Musk.
Disclaimer: This blog is not intended as investment advice. Prices were current around 4.35pm AEDT.
Live updates covered major ASX indices throughout the day. Wishing everyone a happy Friday!
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