CommSec Market UpdateCommSec Market Update

Morning Report 10 Sept 24: Bargain hunting pushes Dow Jones almost 500 points higher

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US investors pounce on discounted stocks, leading to a rebound in the market. Apple unveiled the iPhone 16 yesterday, showcasing its new AI features. Oil prices edge higher as a hurricane approaches the US Gulf Coast while iron ore ended its six-day losing streak amid hopes for Chinese stimulus. Locally, Aussie shares are expected to rise ahead of business and consumer confidence surveys.

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