Market Wrap / all eyes on AI

The S&P/ASX 200 seesawed during Wednesday's trade as investors reacted to a raft of company earnings. The index closed up 0.3% to 8960.50 points. 

Woolworths shares plunged 14.7% after it posted a 17% drop in full year profit to $1.39 billion. Rival Coles, which reported yesterday, extended its gains today. Not enough to stop consumer staples to be the worst-performing sub-index. 

Among the discretionaries, Domino's Pizza posted its first annual loss in 20 years, sending shares down 22%.Meanwhile WiseTech missed analysts' expectations on revenue and profit growth. It was punished by investors, and closed 11.9% lower this Wednesday. The miners buoyed the market however, with US President Trump’s attack on the Fed’s independence prompting a rush to gold. Tabcorp also rose 23.9% as it reported higher FY25 revenue. SiteMinder’s share price rose 21.1% after announcing it is well positioned to deliver strong revenue growth in FY26.Tonight, all eyes will be on Nvidia’s latest earnings, also looking for an outlook on the AI space.