Friday May 16, 2025

US, Australian tech stocks up 34% in a month

Big drop in US business inflation helped the market rise further overnight. But strong local employment data released yesterday makes a weaker case for a local rate cut next week. We can expect tech sector investors to sell out for profits following strong gains in the sector over the past few weeks. That's especially the case before central bank meetings, employment data and big company results over the next two weeks.

Stocks mentioned include South32, Commonwealth Bank of Australia, Cisco, Nvidia, Rio Tinto, Tesla,  Life360, Nextdc

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