Morning Report 20 Aug 25: Nvidia leads tech summer slide

Wall Street closed lower overnight as jitters ahead of Jackson Hole and a tech-led slide disrupted the summer calm. In company news, Home Depot reported stronger sales as shoppers shifted to smaller projects, while Palantir tumbled 9%, marking its fifth straight day of losses. On the economic front, US housing starts climbed to a five-month high. Elsewhere, the Reserve Bank of New Zealand is widely expected to cut interest rates. Back home, Aussie shares are set to open higher on Wednesday ahead of a busy slate of earnings results. 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.