CommSec Market Update

Morning Report 21 Oct 24: Wall Street ends the week at new record highs


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Wall Street has ended the week with new record highs, marking the sixth consecutive gain for the broader U.S. market. Earnings season is in full swing, and strong reports, such as Netflix's 11% surge to a record high after beating analyst estimates, have boosted investor confidence. Additionally, rising iPhone sales have lifted Apple shares. Meanwhile, oil prices slumped despite ongoing tensions in the Middle East. Gold reached a new record high, pulling silver prices up as well. Looking ahead, futures point to solid gains for Aussie shares on Monday.

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