Morning Report 28 Oct 24: Wall Street stumbles as investors eye looming U.S election

CommSec Market Update

Wall Street closed last week with a mixed performance as investors monitor the upcoming U.S. election's impact on market conditions. Bank stocks surrendered recent leadership on disappointing earnings, while interest rates continued to rise. Meanwhile, oil prices surged due to ongoing Middle East tensions. Locally, ASX 200 futures indicate a flat start, with Australian investors eyeing key inflation data due on Wednesday.

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