Market Close 24 Oct 24: Market treads water for second day

The ASX 200 experienced minimal movement today, with small sector gains offset by losses, ending the day down by about 0.1%. Tech stocks were among the worst performers, with WiseTech wiping out a gigantic chunk of its market value amid a scandal involving its CEO. The mining sector also struggled, with Fortescue Metals reporting rising costs despite record shipments. On a positive note, Telix Pharmaceuticals secured FDA approval for a new cancer drug, boosting its stock by 1.7%. Meanwhile, Tesla surged 12% in after-hours trading following better-than-expected earnings results. Looking ahead, key global PMI data and Qantas' AGM amid protests are set to drive attention   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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