Morning Report 26 Feb 25: S&P 500 falls for fourth day after weak US consumer confidence data

The S&P 500 has extended its losing streak to four days as weak consumer confidence data weighed on sentiment. Nvidia dragged the NASDAQ lower ahead of its earnings report, while the Magnificent 7 stocks slipped into correction territory. Meanwhile, Tesla sales plunged 45% in Europe, and Krispy Kreme shares suffered a record drop. In Europe, stocks ended higher as gains in banking and healthcare offset weakness in technology. Commodities also faced pressure—oil hit a two-month low, gold saw profit-taking, and metals declined amid rising China tensions. Locally, Woolworths and Flight Centre’s earnings will be in focus today, while Aussie shares are set to open lower ahead of key inflation data. 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.

There are no comments yet.

Please log in to write the first comment.