Beat the street: Record run; GameStop virtual AGM; Gold rush
NASDAQ manages 5th straight record high close, but how long can this rally last? GameStop is expected to hold its virtual annual meeting of stockholders.
Plus, gold prices rise on hopes of an imminent rate cut by the US Federal Reserve.
(AI Video Summary)
NASDAQ rally continues
In today's edition of "Beat the street", Angeline Ong covers recent financial news including the sustained NASDAQ rally with its fifth consecutive record high and potential longevity. Anticipation builds for GameStop's virtual stockholder meeting and implications on stock movement, alongside rising gold prices due to anticipated Federal Reserve rate cuts.
Underwhelming manufacturing data
Ong also touches on underwhelming manufacturing data, benign market reactions, and focuses on central bank statements from RBA and Bank of England. Amid global economic concerns, market dynamics are analysed, including the Australian dollar and S&P 500 trends, while Berkshire Hathaway's stock moves highlight strategic shifts in the EV market.
Ong ends the show noting market caution despite high bases in major indices, underlining a potentially quieter week ahead with key decisions pending from major central banks.
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