ASX set for 10% gain as 2024-25 closes

US shares jumped to a record last week, with Nvidia up 10%, Nike up 20%. Investors are seemingly unworried by tariffs, inflation and other issues. Oil slumped 12% last week, with stocks such as Occidental plummeting. The US healthcare sector is also down. Australian shares are on track for 10% gain as 2024-25 closes, with gold, defence leading gains over the past 12 months.

Stocks mentioned include Nike, Nvidia, Occidental, Virgin Australia, Tesla, Regis, UBER, Genesis Minerals, Austal, Technology One, Zip, Woodside, Santos, Beach Energy