Morning Report 21 Oct 25: S&P 500 set for best 2-day advance since June

Wall Street kicked off the week with strong gains as optimism spread across markets. Apple shares surged more than 4% to a record high on stronger iPhone 17 sales and a broker upgrade, helping lift the Nasdaq by 1.5% and the S&P 500 by 1.1%. Bank and semiconductor stocks also rallied, with the PHLX Semiconductor Index hitting an all-time high. Closer to home, Aussie shares are tipped to open higher after Prime Minister Anthony Albanese and US President Donald Trump signed an $8.5 billion Rare Earths and Critical Minerals Agreement, while gold prices jumped more than 3%. 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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