Wall Street slumped late in the session with the S&P 500 erasing a 2% gain as Nvidia led the sector lower. Nvidia turned negative, unwinding its post-earnings rally, while Palo Alto Networks announced plans to acquire Chronosphere. Walmart lifted its outlook, and U.S. data showed solid September job gains even as the unemployment rate ticked higher. In commodities, oil dipped on renewed hopes for a Ukraine–Russia peace plan, gold fell as strong U.S. jobs data dimmed the prospects of a December rate cut, and iron ore retreated on supply-glut concerns. Back home, Aussie shares are expected to drop amid a spike in volatility, while a risk-off tone weighs 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.

Wall Street slumped late in the session with the S&amp;P 500 erasing a 2% gain as Nvidia led the sector lower. Nvidia turned negative, unwinding its post-earnings rally, while Palo Alto Networks announced plans to acquire Chronosphere. Walmart lifted its outlook, and U.S. data showed solid September job gains even as the unemployment rate ticked higher. In commodities, oil dipped on renewed hopes for a Ukraine&ndash;Russia peace plan, gold fell as strong U.S. jobs data dimmed the prospects of a December rate cut, and iron ore retreated on supply-glut concerns. Back home, Aussie shares are expected to drop amid a spike in volatility, while a risk-off tone weighs 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.

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.