Morning Report 09 Dec 24: Wall Street savours the latest employment figures
Description
Wall Street experienced mixed outcomes as November jobs data has given the Federal Reserve room to consider cutting interest rates. The S&P 500 notched its 57th record high of the year, while the Dow Jones lagged, with investors showing a preference for technology stocks. In company news, Lululemon shares soared following upgraded forecasts. Meanwhile, European markets advanced despite ongoing political uncertainty. Closer to home, Australian futures pointed to a lower open for the ASX 200, weighed down by a drop in iron ore prices and the RBA has kicked off its two-day policy meeting ahead of Tuesday’s interest rate decision.
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