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Morning Research Notes - 27.11.24
U.S. markets closed at record highs on Tuesday, despite investor concerns over President-elect Donald Trump’s tariff threats. Major commodities had a mixed day: Spot gold rose 0.1% to $US2,626.44 per ounce, while iron ore increased 0.2% to $US102.75 per tonne. However, Brent crude fell 0.3% to $US72.78 a barrel.
On Tuesday, Wall Street saw record highs with the Dow Jones Industrial Average closing at 44,860.31, up 0.3%, as the S&P 500 reached 6,021.80, up 0.6%. The Nasdaq also climbed 0.6%. This came as investors weighed President-elect Donald Trump’s threats of higher import tariffs on China, Canada, and Mexico, triggering a selloff in the auto sector. The Federal Reserve’s minutes also indicated a cautious approach to future rate cuts.
On Tuesday, the Australian stock market closed lower, with the ASX 200 falling by 0.70%. This mixed momentum was reflected across major sectors, with Information Technology, Healthcare, and Utilities seeing gains of 0.73%, 0.54%, and 0.01%, respectively. In contrast, the Materials and Financial sectors ended the day in the red, falling by 0.36% and 1.89%. Major commodities had a bullish session, with Aluminium, Copper, Zinc, and Nickel gaining by 1.04%, 1.01%, 1.55%, and 1.28%, respectively.
Chart of the day
The stock market tends to yield positive returns over the long term, as evidenced by historical data showing higher success rates for long-term investments. However, many investors today focus on short-term gains, frequently buying and selling securities. This behavior is driven by the financial industry’s emphasis on immediate rewards and the allure of quick profits, despite the higher fees and taxes associated with frequent trading. To truly compound wealth, adopting a patient, long-term investment strategy is more beneficial, as it leverages the market’s natural growth over time.
Source: Livewire
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