Morning Report 22 Nov 24: Dow jumps more than 500 points as investors rotate out of tech stocks
Description
Despite ongoing geopolitical tensions, U.S. and European markets have seen gains. In the U.S., "Trump trades" gained momentum, while jobless claims hit a seven-month low, signalling a robust labor market. On the corporate front, Nvidia's highly anticipated results revealed slowing revenue growth, raising concerns among investors. Meanwhile, oil prices climbed 1% amid the escalating Ukraine-Russia conflict, and iron ore futures rose on stronger Chinese demand. Looking ahead, Aussie shares are poised to end the week on a positive note, with investors keeping an eye on 25 AGMs scheduled for today.
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