Morning Report 14 Nov 25: Stock rotation hits big tech as Fed clouds gather

Wall Street fell overnight as tech stocks led a broad selloff, with U.S. Treasuries also stumbling after the government shutdown ended and traders braced for renewed market swings. Cisco bucked the trend, surging after an AI-fuelled outlook beat expectations, while Walt Disney slipped on weaker cable and box office performance. In commodities, oil prices edged higher after steep losses in the previous session, while gold pared gains as rate-cut bets eased. Back home, Aussie shares are set to fall sharply after strong jobs data dampened hopes of near-term rate cuts. 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.