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Wall Street retreated from its record high overnight as U.S. earnings season kicked off.

ASX closes higher despite slump in banks; oil price lifts energy stocks

The local sharemarket has managed to keep its head above water as a rise in the oil price amid escalating tensions in Iran fuelled a rally in energy shares.

  • Staff reporter

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Buyers on strike: Wall Street edges lower after roller coaster week

Buyers on strike: Wall Street edges lower after roller coaster week

US stocks edged lower as investors assessed the latest batch of corporate earnings and simmering geopolitical tensions ahead of the weekend. The US dollar weakened against the Aussie, and oil rose.

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Facebook's plan for world domination: shrinking to grow

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Facebook has started shrinking on a key measure. And that's exactly its plan

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