PM 22 Oct 26: Cost-of-living crunch hits retailers

22 Oct 2026 · 9:28

Episode PM 22 Oct 26: Cost-of-living crunch hits retailers

0:00 9:28

The Australian share market declined slightly as materials and energy stocks pressured the broader index. Nick Scarly plunged after cutting profit guidance amid weak furniture sales, while NEXTDC rebounded sharply following yesterday's steep losses. Upcoming earnings from major US tech firms and local mining updates will drive sentiment in coming sessions.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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