Morning Report 03 Dec 24: US technology stocks lift Wall Street to new record highs

Technology stocks are back in favour, driving Wall Street higher on the first trading day of the new month. Apple reached a fresh record high, while Super Micro Computers led gains in the Semiconductor Index. Meanwhile, Cyber Monday and robust online sales have provided a boost to the US retail sector. In Europe, political uncertainty, particularly in France, weighs on investor sentiment. Commodities were a key focus on the ASX, with a stronger US dollar and encouraging Chinese factory data supporting iron ore prices. Looking ahead, futures indicate a solid start for Australian shares, with the ASX200 poised to challenge record highs.

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