On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.65% to 8,251.9 points.
Will the market bounce back from this on Wednesday? Here are five things to watch:
ASX 200 expected to fall again
The Australian share market looks set to fall again on Wednesday following a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 18 points or 0.2% lower this morning. In late trade in the United States, the Dow Jones is up 0.4%, but the S&P 500 is down 0.35% and the Nasdaq is 1.1% lower.
Woolworths half year results
Woolworths Group Ltd (ASX: WOW) shares will be on watch on Wednesday when the supermarket giant releases its half year results. Goldman Sachs is expecting the company to report a 4% increase in sales but an 18.3% decline in EBIT. It explains: "We look for +4.0%/-18.3% YoY sales/EBIT growth in 1H25. While this is ~9% below VA Consensus on EBIT, which we attribute to the one-off impact of DC disruption still to be fully factored in. We estimate this impact to be ~A$100mn. Excluding this gives EBIT growth of -12% YoY. From 3Q25, we see comps easing and forecast ~3% LFL sales (normalized for 53rd week last year)."
Oil prices tumble
ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a poor session after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 2.35% to US69.04 a barrel and the Brent crude oil price is down 2.25% to US$73.10 a barrel. The potential lifting of sanctions on Russia put pressure on oil prices.
Gold price sinks
It could be a difficult session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price tumbled overnight. According to CNBC, the gold futures price is down 1.3% to US$2,924.2 an ounce. Traders appear to have been taking profit after some strong gains.
Domino's rated as a buy
Domino's Pizza Enterprises Ltd (ASX: DMP) shares are a buy following a 10.5% selloff on Tuesday. According to a note out of Goldman Sachs, its analysts have retained their buy rating on the pizza chain operator's shares with a slightly trimmed price target of $37.30. This implies almost 30% upside for investors over the next 12 months. It said: "DMP is trading at FY26 PE of ~18x vs FY25-27e EPS CAGR of ~19%. Reiterate Buy with new TP of A$37.3/sh (prev A$38.30/sh)."
The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Domino's Pizza Enterprises and Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Domino's Pizza Enterprises and Goldman Sachs Group. The Motley Fool Australia has recommended Domino's Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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