Morning Report 23 Sep 25: Rate cut hopes drive Wall Street to record highs

Technology stocks led Wall Street to fresh record highs on expectations of two more rate cuts from the Fed this year. Nvidia also hit a record after unveiling a $100 billion investment in OpenAI, while Teradyne surged on broker upgrades and Apple gained on a product boost. In contrast, Tylenol’s maker, Kenvue, slumped on reports linking the drug to autism. Elsewhere, European markets were mixed, with automakers under pressure following a profit downgrade at Porsche. Back home, Aussie shares are set to open higher on Tuesday, with gold miners in focus following new record highs for the metal. 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.