Morning Report 31 May 24: Aussie shares expected to lift from 4 week lows

US stocks ended lower due to investor caution ahead of key inflation data, with declines in the Dow, S&P 500, and Nasdaq. Bond yields saw modest drops, and US GDP growth for Q1 was revised down. Salesforce suffered its worst decline in nearly 20 years, while other tech stocks also fell. Oil prices dropped due to larger-than-expected stockpile declines, and gold prices inched up. The ASX 200 is expected to rebound after recent losses, supported by a stronger Aussie dollar.

 

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