Morning Report 06 Aug 24: Dow tumbles 1000 points and S&P 500 posts worst day since 2022

Wall Street experienced its third consecutive session of selling momentum, leading to a plunge in US stocks. The ASX is expected to open lower ahead of today's Reserve Bank interest rate decision. The 10-year US Treasury yield dropped to its lowest level in over a year, oil prices hit a seven-month low, and metal prices fell to a four-month low. Meanwhile, the Aussie dollar firms as the US dollar sank to a seven-month low. 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.