Wall Street returned to volatility overnight as investors weighed the impact of Jerome Powell’s latest comments on interest rates. Tech stocks led the decline, with Nvidia tumbling 8% following a massive write-down, dragging the broader sector lower. The Philadelphia Semiconductor Index shed more than 5% in response. In contrast, retail sales surged ahead of an expected tariff increase, offering a rare bright spot in an otherwise turbulent session. Meanwhile, the US dollar slumped, boosting commodities — oil climbed 2%, while gold surged to record highs. Closer to home, ASX 200 futures point to a weaker open on Thursday, with local investors eyeing upcoming employment data. The Aussie dollar gained ground on US dollar weakness, adding to the global currency market shifts.

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.

Wall Street returned to volatility overnight as investors weighed the impact of Jerome Powell&rsquo;s latest comments on interest rates. Tech stocks led the decline, with Nvidia tumbling 8% following a massive write-down, dragging the broader sector lower. The Philadelphia Semiconductor Index shed more than 5% in response. In contrast, retail sales surged ahead of an expected tariff increase, offering a rare bright spot in an otherwise turbulent session. Meanwhile, the US dollar slumped, boosting commodities &mdash; oil climbed 2%, while gold surged to record highs. Closer to home, ASX 200 futures point to a weaker open on Thursday, with local investors eyeing upcoming employment data. The Aussie dollar gained ground on US dollar weakness, adding to the global currency market shifts.
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.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.



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.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.
 
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.

Insights, interviews and the latest news and information on investment markets from CommSec, Australia's leading online broker.