Morning Report 24 Nov 25: Wall Street rallies on Friday lifted by rate-cut hopes
Description
US stocks staged a spirited recovery following Thursday’s drubbing, helped by comments from the New York Fed governor that signalled support for interest-rate cuts. Healthcare stocks led sector gains, with Eli Lilly up 1.6%, while Nvidia climbed on renewed optimism for its China sales outlook. In commodities, oil prices ended lower on Friday, settling at one-month lows. Back home, Aussie shares are expected to rebound on Monday from five-month lows.
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