Morning Report 04 Aug 25: Wall Street slumps as growth concerns haunt investors

Wall Street ended the week sharply lower, dragged down by weak economic data and renewed concerns over U.S. growth. July’s jobs report disappointed, with just 73,000 positions added, well below expectations and fueling fears of a slowdown. Markets are now increasingly pricing in a possible Fed rate cut in September. In corporate news, Amazon shares slid after quarterly earnings failed to meet high expectations, while homebuilding stocks gained on falling interest rates. Back home, Aussie shares are set to open the week lower as investors brace for earnings season. 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.