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Morning Report 11 Sep 24: Stocks shrug off big bank gloom as tech rallies
Manage episode 439221666 series 3531694
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Wall Street has seen mixed results as investors remained cautious ahead of key inflation data. JP Morgan led a bank sell-off after tempering revenue expectations, while Tesla, Oracle, and Nvidia pushed the NASDAQ higher. Oil prices settled near a three-year low due to a weak demand outlook. Meanwhile, Australian shares are expected to edge higher on Wednesday ahead of the RBA economic update and discussions surrounding REA Group's takeover talks with Rightmove.
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