Morning Report 22 Nov 24: Dow jumps more than 500 points as investors rotate out of tech stocks

Despite ongoing geopolitical tensions, U.S. and European markets have seen gains. In the U.S., "Trump trades" gained momentum, while jobless claims hit a seven-month low, signalling a robust labor market. On the corporate front, Nvidia's highly anticipated results revealed slowing revenue growth, raising concerns among investors. Meanwhile, oil prices climbed 1% amid the escalating Ukraine-Russia conflict, and iron ore futures rose on stronger Chinese demand. Looking ahead, Aussie shares are poised to end the week on a positive note, with investors keeping an eye on 25 AGMs scheduled for today. 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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