Morning Report 26 Sep 24: Dow Jones falls nearly 300 points snapping a 4-day winning streak

The S&P 500 has retreated from its record highs, with information technology among the most improved sectors. Meta Platforms shares rose after unveiling a new VR headset, entering competition with Apple's device released in February. Meanwhile, oil stocks dropped more than 2% on concerns about Libyan supply. Closer to home, Australian shares are expected to open higher on Thursday, as miners look to China for further gains. However, Australian inflation hit a three-year low, putting pressure on the Aussie dollar 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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