Tech stocks are driving market gains, with stocks rising in anticipation of $12 trillion in earnings reports. Alphabet is set to release its earnings, and strong results will be crucial to ease investor concerns. In the housing sector, major names like D.R. Horton and Home Depot have weighed on the homebuilders' index, with Home Depot as the Dow Jones's worst performer. Meanwhile, U.S. labour market conditions are easing, with job openings at a three-and-a-half-year low. In Australia, a muted start to trading is expected 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.

Tech stocks are driving market gains, with stocks rising in anticipation of $12 trillion in earnings reports. Alphabet is set to release its earnings, and strong results will be crucial to ease investor concerns. In the housing sector, major names like D.R. Horton and Home Depot have weighed on the homebuilders' index, with Home Depot as the Dow Jones's worst performer. Meanwhile, U.S. labour market conditions are easing, with job openings at a three-and-a-half-year low. In Australia, a muted start to trading is expected 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.

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.

CommSec Market Update

Morning Report 30 Oct 24: NASDAQ climbs to fresh record high

The Aussie market ended October on a down note, closing 1.3% lower, making it the second-worst month of the year. While financials, tech, and consumer discretionary sectors saw modest gains, other sectors struggled, particularly staples and utilities. In the U.S., stronger-than-expected economic data, like job growth and home sales, has tempered rate cut expectations, with an important jobs update expected soon. Corporate earnings, especially from Alphabet, Microsoft, and Meta, also influenced market sentiment. In Australia, standout performers included Mineral Resources, following a significant deal, and JB Hi-Fi, with impressive growth in New Zealand. Conversely, Woolworths, Coles, and Star Entertainment faced setbacks. Upcoming earnings from major U.S. tech players, alongside inflation and property data in Australia, are key watchpoints for November.



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.

The Aussie market ended October on a down note, closing 1.3% lower, making it the second-worst month of the year. While financials, tech, and consumer discretionary sectors saw modest gains, other sectors struggled, particularly staples and utilities. In the U.S., stronger-than-expected economic data, like job growth and home sales, has tempered rate cut expectations, with an important jobs update expected soon. Corporate earnings, especially from Alphabet, Microsoft, and Meta, also influenced market sentiment. In Australia, standout performers included Mineral Resources, following a significant deal, and JB Hi-Fi, with impressive growth in New Zealand. Conversely, Woolworths, Coles, and Star Entertainment faced setbacks. Upcoming earnings from major U.S. tech players, alongside inflation and property data in Australia, are key watchpoints for November.
 
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.

Market Close 31 Oct 24: Aussie stocks limp over the line as volatile October comes to an end

Wall Street struggles to advance as investors face information overload. Technology stocks decline on mixed earnings results, while strong economic data pushes interest rates higher. Meanwhile, markets remain cautious ahead of Meta and Microsoft earnings. In the UK, the largest tax hike since 1993 is imminent. Gold reaches a record high ahead of the U.S. election, and oil prices rise due to a drawdown in U.S. stockpiles. Meanwhile, Australian shares are expected to slip, closing a down month for the ASX 200.

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 struggles to advance as investors face information overload. Technology stocks decline on mixed earnings results, while strong economic data pushes interest rates higher. Meanwhile, markets remain cautious ahead of Meta and Microsoft earnings. In the UK, the largest tax hike since 1993 is imminent. Gold reaches a record high ahead of the U.S. election, and oil prices rise due to a drawdown in U.S. stockpiles. Meanwhile, Australian shares are expected to slip, closing a down month for the ASX 200.
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.

Morning Report 31 Oct 24: Wall Street struggles for direction ahead of mega cap earnings

The anticipated barrage of key events that Laura and Stevie have been mentioning in recent episodes has begun taking place today.  They unpack the impact on local markets which ended a three-day winning streak fuelled by the latest inflation data and US earnings data from some major companies.  They talk through the sectors which mostly saw declines, the stocks that caught their eye with Woolworths seeing some attention, and look at what to expect in the days ahead with further market moving events set to take place.

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.

The anticipated barrage of key events that Laura and Stevie have been mentioning in recent episodes has begun taking place today.  They unpack the impact on local markets which ended a three-day winning streak fuelled by the latest inflation data and US earnings data from some major companies.  They talk through the sectors which mostly saw declines, the stocks that caught their eye with Woolworths seeing some attention, and look at what to expect in the days ahead with further market moving events set to take place.
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.

Morning Report 30 Oct 24: NASDAQ climbs to fresh record high

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