Morning Report 19 Sep 24: Stocks hit record highs after Fed’s supersized rate cut

Wall Street ended lower despite the US Federal Reserve announcing a 50 basis point interest rate cut, the first in four and a half years. Join Tom and Ryan as they discuss the market's response, including the S&P 500 and Dow Jones hitting record highs, with small caps and regional banks outperforming, while utilities and technology stocks weighed down Wall Street. Closer to home, Aussie shares are expected to dip ahead of a key jobs report

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