Morning Report 23 July 24: S&P 500 rebounds for best day since early June

Wall Street recovers after a volatile week, with the Dow Jones, NASDAQ, and S&P 500 all showing gains. Investors have regained composure following Joe Biden’s exit from the presidential race while earnings reports from tech giants Alphabet and Tesla are eagerly anticipated. Confidence has also returned to European stocks after a technology meltdown. Meanwhile, Aussie shares are expected to rise ahead of Woodside Energy's update, although commodities might put pressure on mining stocks. Overall, the market is displaying signs of composure despite ongoing challenges. 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.