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Market Close 02 Aug 24: ASX records worst day since March 2023
Manage episode 432003567 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Bank of Australia's interest rate decision.
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.
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Manage episode 432003567 series 2978934
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Bank of Australia's interest rate decision.
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.
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Similar cu CommSec Market Update
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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