# AM 06 Oct 26: Wall Street breaks records again. Why?

An episode of [CommSec Market Update](https://invisiblenetwork.ai/podcast/1024068365), 5 Oct 2026, 9:12.

Audio: https://enrichment.soundstack.com/4vjqq8/traffic.omny.fm/d/clips/820f09cf-2ace-4180-a92d-aa4c0008f5fb/7ce30ada-3515-4538-a131-afef0177d550/33b6fe94-d82a-47f8-a9cf-b4da0149ad64/audio.mp3?utm_source=Podcast&in_playlist=1b3da022-8454-4155-8336-afef0177d567

Wall Street climbed to fresh record highs overnight, but what is driving the rally? Last week’s softer-than-expected US jobs report has eased expectations of another Federal Reserve rate hike this month, helping lift tech and AI-related stocks, while the ASX is poised to follow with a positive open. Plus, why Nike’s struggles are a reminder that even the world’s biggest brands can lose their edge. Join James Tao, Equity Market Commentator and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice. See omnystudio.com/listener for privacy information.

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