Market Close 01 Oct 24: ASX slips from record high

CommSec Market Update

We have ended the three-day winning streak today as the market looks set to close with one of the worst days in a month. Laura and Stevie reflect on this recent solid performance thanks in part to the first US rate cart and stimulus out of China and look to what could be ahead for this month based on historic data. Interest rates remain in focus with hopes of a significant cut in November dulled, they unpack the latest consumer spending data, and look at the performance of individual stocks and sectors.

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