Morning Report 19 Nov 24: Stocks get boost from Tesla as the EV giant surges
Listen now
Description
The NASDAQ and S&P 500 kicked off the week with gains, driven by a rally in Tesla shares. In contrast, Nike shares fell after the company flagged risks to its outlook, while healthcare stocks continued to struggle following recent sell-offs. Oil prices climbed nearly 3% amid escalating tensions in Ukraine, while gold surged on a weaker US dollar. Meanwhile, iron ore hovered near the key $100 USD per tonne mark, supported by strong demand. Looking ahead, Aussie shares are set to rise on Tuesday, buoyed by climbing commodity prices. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener for privacy information.
More Episodes
Wall Street saw sellers take charge as investors prepare for the Thanksgiving break. The bond market brought some relief, with interest rates falling as inflation figures came in softer than expected. Technology stocks struggled to maintain momentum, with the recent rally halting due to downbeat...
Published 11/27/24
Published 11/27/24
The market has rebounded today following the slight declines of yesterday.  Laura and Stevie reflect on the session yesterday which was the worst decline in two weeks and the performance that we saw today.  Tariff concerns are in conversation today and they discuss how international and local...
Published 11/27/24