The Australian share market is set to open higher, following a dip on Tuesday, as futures suggest a gain of 0.34%. The US stock market saw mixed results, with the S&P 500 nearing its all-time high, while the Dow Jones Industrial Average fell. Exxon Mobil and CVS Health performed well, boosting their profit forecasts and financial projections, respectively. However, Homebuilder Toll Brothers and AutoZone reported weaker-than-expected results, causing their stocks to drop. The US Federal Reserve is expected to cut interest rates later today, which could boost the economy and investment prices but also risk worsening inflation.

The Daily News Now! - Every city. Every story. Powered by AI.

Hosted on Acast. See acast.com/privacy for more information.