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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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 24 Jun 26: Tech stocks sink US markets, ASX set to rise

PM 23 Jun 26: Eventful session for ASX ahead of inflation data

AM 23 Jun 26: Wall Street falls on tech slide

PM 22 Jun 26: Market slips for a third day

AM 22 Jun 26: ASX set to fall as Iran peace deal teeters

PM 19 Jun 26: Worst day in 2 weeks for ASX

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