Morning Report 13 Nov 25: Dow Jones hits all-time high before US House vote

Wall Street hit new record highs as investors welcomed the prospect of a reopened government, though gains were mixed as traders rotated out of technology stocks. AMD rallied after forecasting accelerating AI-driven sales growth, while the White House warned that October’s jobs report may never be released. Meanwhile, U.S. bonds advanced as weak labour market data boosted expectations for rate cuts. In commodities, oil prices tumbled 4% on oversupply concerns, while gold gained 2% on optimism surrounding the government’s reopening. Back home, Aussie shares are expected to snap a two-day losing streak ahead of key jobs data.

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