Morning Report 04 Jul 25: S&P 500 and Nasdaq close at record highs on jobs data
Wall Street surged to new record highs as growth concerns faded, with tech shares leading the gains on the S&P 500. A surprise in US jobs data sent bond yields lower, prompting traders to scrap bets on a July rate cut. Meanwhile, optimism around the Trump tax bill helped avert a looming debt crisis. In corporate news, Nvidia’s market cap is approaching $4 trillion USD, underscoring the tech sector’s momentum. Elsewhere, iron ore prices climbed to a one-month high as China intensified efforts to curb industrial overcapacity. Back home, Aussie shares are on track to end the week at record highs. 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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9:48
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9:48
Market Close 03 Jul 25: Market takes a breather following record high
Following a record high yesterday the market has paused for breath again today. Steve reflects on a week which has ultimately continued to tread water as he discusses what investors could be watching as a catalyst for how markets move. The local market today has seen the banks drop and mining stocks take on this difference. Oil prices have continued to rise as have gold prices, and insurance stocks are among the underperformers. Steve looks ahead with the key update on US jobs growth imminent amid the shortened week of trade for the US. 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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9:02
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9:02
Morning Report 03 Jul 25: S&P 500 and NASDAQ hit record highs on Vietnam trade deal
Wall Street climbed to fresh record highs, with the S&P 500 and NASDAQ lifted by renewed trade optimism. Nike shares surged on signs of progress in US–Vietnam trade talks, while Tesla shares rose despite a 14% drop in vehicle deliveries. Meanwhile, energy stocks gained ground as oil prices rebounded, and miners found support from encouraging Chinese economic data. In contrast, UK markets experienced a sharp sell-off reminiscent of 2022, driven by renewed concerns over the country's fiscal outlook. Back home, Aussie shares are expected to ease from record highs on Thursday. 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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9:56
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9:56
Market Close 02 Jul 25: The best day in a week
It is the best day of the week for the Aussie market as the ASX is on the cusp of cracking a fresh record high following 5 days of very little movement. Stevie unpacks the session which has seen some enthusiasm returning to markets, discusses the US tax bill which made it through the senate overnight, and looks at the local sectors with gains almost across the board. Oil prices pushed energy stocks higher, investment managers were among the best performers today, and Dominos was among the worst. 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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8:28
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8:28
Morning Report 02 Jul 25: Wall Street holds near record highs
Wall Street consolidated overnight as investors weighed the potential impact of the so-called 'big beautiful bill' on the U.S. deficit. Economic data added pressure, pushing interest rate expectations higher. Big tech stocks came under pressure, with Nvidia down 3%, as investors rotated into small caps. Meanwhile, Tesla shares slumped as markets braced for a sharp decline in upcoming sales figures, while Macau’s gambling revenue surged 19% year-on-year. Despite recent gains, the U.S. dollar remains near a three-year low, reflecting ongoing uncertainty around fiscal policy. Back home, Aussie shares are poised to open with modest gains on Wednesday. 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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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.
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