Wall St finished the week mixed as traders overnight digested the two biggest news stories – US PCE inflation came in slightly below expectations and China unveiled further fiscal stimulus measures to reignite its struggling economy. Dow Jones up 138 points or 0.33%, NASDAQ down 0.39% and the S&P 500 down 0.13%. For the week, the Dow Jones gained 250 points, the S&P 500 rose 0.62% and the NASDAQ finished up 0.96%.

ASX SPI up 24

COMMODITIES

• Iron ore logs over 10% weekly gain on China rate cuts, stimulus prospects.
• Oil settles higher but falls on the week on firmer supply outlook.
• Rate cuts set gold on track for best quarter in eight years.
• About 24% of oil production shut in US Gulf of Mexico due to Hurricane Helene.
• Mining industry struggles with valuation gap amid shift to copper.
• Indian steelmaker group warns of rising Chinese imports after US tariffs.
• Aluminium at 16-week high, driven by China's stimulus measures.

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