Morning Report 10 Jul 25: Nasdaq closes at record high, driven by Nvidia

Wall Street surged as trade concerns eased, with the tech sector—particularly the Nasdaq—leading the gains. Nvidia made headlines by becoming the first company to reach a $4 trillion US valuation, while renewable energy firm AES also saw a sharp stock jump amid takeover interest. However, geopolitical tensions persist, with President Trump unveiling a fresh round of tariffs targeting countries from Iraq to the Philippines. Meanwhile, minutes from the latest Federal Reserve meeting revealed a divided committee on inflation and the future path of interest rates. Back home, Aussie shares are expected to edge higher on Thursday, supported by rising energy prices. 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.