Morning Report 09 Jan 25: Stock investors wary as interest rates creep higher

CommSec Market Update

Wall Street remains cautious as investors weigh the impact of Trump's tariff plans. Technology stocks continue to face pressure, with chip makers leading the declines. Quantum computing stocks fell sharply after Nvidia’s CEO suggested that the technology is still decades away from mainstream use. Meanwhile, banks are under pressure as interest rates steadily rise. In company news, Edison International is the worst performer on the S&P 500, sliding amid the ongoing Los Angeles wildfires. Conversely, eBay shares rose following news of a partnership with Facebook Marketplace. Across the Atlantic, the British pound slumps due to concerns over capital flight. Closer to home, Aussie shares are expected to retreat from four-week highs, while oil prices dip on the back of a build in U.S. fuel stocks.

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