Morning Report 11 Sep 24: Stocks shrug off big bank gloom as tech rallies

Wall Street has seen mixed results as investors remained cautious ahead of key inflation data. JP Morgan led a bank sell-off after tempering revenue expectations, while Tesla, Oracle, and Nvidia pushed the NASDAQ higher. Oil prices settled near a three-year low due to a weak demand outlook. Meanwhile, Australian shares are expected to edge higher on Wednesday ahead of the RBA economic update and discussions surrounding REA Group's takeover talks with Rightmove. 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.