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Morning Report 22 Nov 24: Dow jumps more than 500 points as investors rotate out of tech stocks
Manage episode 451374904 series 3531694
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Despite ongoing geopolitical tensions, U.S. and European markets have seen gains. In the U.S., "Trump trades" gained momentum, while jobless claims hit a seven-month low, signalling a robust labor market. On the corporate front, Nvidia's highly anticipated results revealed slowing revenue growth, raising concerns among investors. Meanwhile, oil prices climbed 1% amid the escalating Ukraine-Russia conflict, and iron ore futures rose on stronger Chinese demand. Looking ahead, Aussie shares are poised to end the week on a positive note, with investors keeping an eye on 25 AGMs scheduled for today.
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