Morning Report 12 July 24: Wall Street falls despite better inflation figures

CommSec Market Update

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24d ago 9:41

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US stocks experienced an unexpected downturn despite better inflation figures. Technology stocks led the decline on Wall Street, while airlines slumped due to disappointing earnings. In contrast, luxury stocks gained in European trade. Commodity prices rose on a weaker US dollar, the Aussie dollar surged overnight, and futures point to solid gains for the local share market.

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