CommSec Market Update

Morning Report 10 May 24: Dow Jones posts 7th straight gain, ASX expected to open higher

09 May 2024

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Join Tom and Ryan as they delve into the impact of rate cut expectations on Northern Hemisphere stock markets, dissecting the implications of jobless claims and employment trends for investor sentiment. Despite reporting strong quarterly performance, including a near-doubling of earnings per share and record-high bookings, Airbnb's stock fell by 7%, highlighting the market's sensitivity to forward guidance from companies. The ASX is expected to end the week higher, driven partly by positive earnings results from companies like Life360 and QB Insurance 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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AM 10 Jun 26: ASX poised to rise despite Wall Street losses

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PM 09 Jun 26: Aussie stocks slide for a third straight session

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PM 05 Jun 26: A second straight heavy loss for the ASX

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CommSec Market Update

Morning Report 10 May 24: Dow Jones posts 7th straight gain, ASX expected to open higher

This episode hasn't been transcribed yet

Other episodes from CommSec Market Update

AM 11 Jun 26: Stocks sink on renewed Middle East tensions

PM 10 Jun 26: ASX snaps three-day losing streak

AM 10 Jun 26: ASX poised to rise despite Wall Street losses

PM 09 Jun 26: Aussie stocks slide for a third straight session

AM 09 Jun 26: ASX set to rise after long weekend

PM 05 Jun 26: A second straight heavy loss for the ASX

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