Morning Report 30 Aug 24: Dow Jones hits record high as share market rally broadens

Wall Street has ended August in neutral, with US economic data suggesting a soft landing for the world's largest economy. The Dow Jones hit a record high, while the NASDAQ declined as Nvidia shares tumbled. Oil prices rose due to supply concerns in Libya and Iraq. Meanwhile, Aussie shares are expected to finish the week on a high, supported by strong commodity prices and recently released retail spending data. 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.