Morning Report 17 Feb 25: Wall Street treads water as retail sales slump

Wall Street had a mixed finish last week, with the broader market remaining flat while technology stocks led gains despite rising concerns over export controls. Better-than-expected earnings provided support, helping stocks notch weekly improvements. In company news, Airbnb shares surged after delivering a stronger-than-expected outlook, while Applied Materials fell on a downbeat forecast. Looking ahead, the ASX200 is set to open lower on Monday, pulling back from record highs. Investors will be focused on Tuesday’s interest rate decision from the RBA, along with earnings reports from A2 Milk, BlueScope Steel, and GPT Group. 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.