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CommSec Market Update

Market Close 07 Oct 24: Markets bounce back in late trade

07 Oct 2024

Description

The market started off flat today but has shot higher as the session went on ultimately recouping many of the losses of last week.  US data at the end of last week gave a positive lead in to the session and Laura and Stevie unpack this.  Four of the 11 sectors have seen declines but these are being counteracted by the performance of the financial sector, lithium miners are among the best performers today, and interest rates remain in focus. 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.

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