Morning Report 28 Jan 26: S&P 500 closes in on record high

Wall Street pushed to fresh records, with the S&P 500 hitting new highs on solid corporate earnings as the US dollar slid to a four-year low. Upcoming results from the Magnificent Seven are expected to test the rally, while Medicare rate changes are weighing on health insurers. Meanwhile, US bond yields were mixed ahead of an expected pause in Fed rate cuts. In the commodities market, oil futures surged as winter storms disrupted US production. Back home, Aussie shares are expected to rise for a fourth straight session ahead of key inflation data, while the Aussie dollar climbed to a three-year high as the greenback rout deepened. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.