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CommSec Market Update

Market Close 26 May 23: AI boom drives tech gains

26 May 2023

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The market is celebrating the end of the week with a positive close. Mining stocks have bounced back after five days of losses but tech stocks were the clear winner of the week. Fisher & Paykel were the 2nd worst today after a decline in sales and buy now, pay later provider Humm has been hit with a stop order from ASIC. Finally, a look towards the upcoming weekend next week 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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