Morning Report 07 Jan 25: Stocks gain as dip buyers power rally in big tech

Technology stocks are at the forefront of driving investor interest and contributing to recent market gains. All eyes are on Nvidia’s CEO, whose upcoming speech is anticipated to ignite the next significant breakout. Meanwhile, the US dollar pares losses following Trump's denial of reports about curbing tariffs. In Canada, stocks see a slight uptick after Prime Minister, Justin Trudeau's resignation. Oil prices have dipped from their 12-week highs, reflecting a cooling in recent gains. Looking ahead, Australian shares are poised for a higher open, bolstered by a rally in copper prices and the critical building approvals data set to capture market attention. 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.