Morning Report 23 Oct 24: Dow Jones wipes out 200-point loss on Turnaround Tuesday

Wall Street stalls as investors digest earnings results, while bond markets stabilise following a sell-off driven by expectations of slower U.S. rate cuts. In corporate news, tobacco giant Philip Morris hit record highs on surging demand for its Zyn brand. Additionally, General Motors saw its stock soar on steady profits and an improved full-year outlook, marking its best day of the year. Meanwhile, oil prices continued to rise as conflict in the Middle East escalated. Closer to home, Australia lags in the global fight against inflation, though Aussie shares are expected to rebound following their worst session since September 4th.

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