Morning Report 19 Nov 24: Stocks get boost from Tesla as the EV giant surges
Description
The NASDAQ and S&P 500 kicked off the week with gains, driven by a rally in Tesla shares. In contrast, Nike shares fell after the company flagged risks to its outlook, while healthcare stocks continued to struggle following recent sell-offs. Oil prices climbed nearly 3% amid escalating tensions in Ukraine, while gold surged on a weaker US dollar. Meanwhile, iron ore hovered near the key $100 USD per tonne mark, supported by strong demand. Looking ahead, Aussie shares are set to rise on Tuesday, buoyed by climbing commodity prices.
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