Morning Report 26 Jun 25: Wall Street ends mixed as Nvidia sets record high

Wall Street ended broadly flat overnight, supported by strength in tech stocks and optimism over potential rate cuts. Nvidia hit a fresh record high, reinforcing its status among the world’s most valuable companies. Gains were capped after Fed Chair Jerome Powell flagged signs of rising inflation, keeping markets cautious. Meanwhile, FedEx shares dropped after the company withheld full-year guidance due to uncertainty, while Tesla reported a fifth consecutive monthly decline in European sales. Bumble shares surged following news of significant job cuts, and speculation swirled around a potential acquisition of BP by Shell. Locally, the ASX is set to open lower on Thursday, and the Aussie dollar remains stable despite lower inflation rates 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.