Morning Report 03 Oct 24: Dow inches higher as Middle East tensions weigh on markets

CommSec Market Update

US investors remain cautious, reflecting on recent economic and geopolitical developments. Strong job data has dashed hopes for a second major Fed rate cut. In corporate news, Nike shares declined after postponing its investor day due to an upcoming CEO change. Salesforce gained on AI initiatives while Tesla shares fell after the EV maker misses delivery estimates. In Australia, markets are expected to open flat, pressured by tensions in the Middle East.

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