Morning Report 03 Oct 25: Tech stock buyers emerge as shutdown extends

Stocks closed at record highs as investors shrugged off concerns about the government shutdown. Technology remained in focus with OpenAI’s valuation climbing to 500 billion US dollars, Intel surging 50% over the past month, and Tesla reporting a 7% rise in deliveries ahead of expiring EV tax credits. In commodities, oil fell 2% to a four-month low while copper touched a 16-month high. Back home, Australian shares are expected to dip on Friday from recent four-week highs. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.