Morning Report 10 Mar 25: Powell's comments reassure Wall Street

Wall Street finished in positive territory on Friday but still logged steep weekly losses. Federal Reserve Chair Jerome Powell acknowledged ongoing economic uncertainty but reassured that the U.S. economy remains strong. In corporate news, Hewlett Packard shares plunged to their lowest level in five years following a disappointing earnings report, while Broadcom shares surged on an optimistic outlook. Looking ahead, Aussie shares are expected to rise on Monday after hitting six-month lows, though ex-dividend pressures could pose a challenge. 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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