Morning Report 20 Jan 25: Wall Street posts its best gains since US election

CommSec Market Update

Wall Street advanced on Friday, marking its best weekly improvement since the last US election. Moderating interest rates and improving growth pushed the S&P 500 3% higher over the week, with all sectors ending in positive territory. The Dow Jones led the charge, posting a 3.7% weekly increase. As markets anticipate policy announcements ahead of Donald Trump’s inauguration, attention is also turning to local developments. Closer to home, futures indicate a solid gain for the AXS 200, driven by upcoming production updates from major miners. Meanwhile, the Aussie dollar is trading just above 62 US cents, signalling steady performance amidst global economic shifts.

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