Morning Report 21 Mar 25: Wall Street dips in choppy trade as economy tariff outlook assessed

Wall Street’s recovery lost momentum overnight, with technology stocks leading declines. In company news, shares in Accenture and IBM fell after warnings of DOGE cost cuts. Meanwhile, US bond yields tumbled as the Federal Reserve highlighted growing economic risks. In Europe, markets also slipped after global central banks flagged rising economic uncertainty. Elsewhere, oil prices climbed more than $1 after the US announced new sanctions on Iran, while gold surged to a fresh record high on expectations of US rate cuts. Looking ahead, the Australian share market is expected to finish the week lower, despite Thursday’s rebound. 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.