MarketsEquity MarketsMarkets LivePrint articleTimothy MooreandMatt BellUpdatedNov 6, 2025 – 8.52am,first published at4.31amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Key Posts6 mins ago—8.46AMLight & Wonder books 78pc uplift in quarterly income9 mins ago—8.43AMMonash IVF taps ex-Bupa executive Crombie for board role16 mins ago—8.36AMGrowthpoint reaffirms full-year guidance after solid quarter23 mins ago—8.29AMDonal O’Dwyer to depart NIB board31 mins ago—8.21AMIGO appoints Guthrie as next chairwoman40 mins ago—8.13AMNAB posts slump in net profit, cash earnings flatAdvertisementGo to latestPinned post–4.30AMBefore the Bell: Wall St rebounds for another buy-the-dip rallyTimothy MooreShare postCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Australian shares are set to open higher. All three US equity benchmarks rallied, with the S&P 500 led by communication services in a broad rebound. Tesla was near 5 per cent higher, a day in advance of its annual meeting and a vote on Elon Musk’s $US1.5 trillion pay package.Worries about stretched valuation faded. “Institutional investors remain conservatively positioned, helping limit selling pressure while keeping dips well bid,” BCA Research said in a note. “A correction has been expected for weeks, and volatility indicators show no panic.”Ten of the 11 S&P 500 industry sectors were higher. Consumer staples edged 0.1 per cent lower. Amgen, Caterpillar and McDonald’s led the Dow’s advancers. Nvidia was 1.3 per cent higher.US bond yields rose after data showed American services activity expanded at the fastest pace in eight months. The yield on the US 10-year note leapt to 4.16 per cent. The move was attributed at least in part to tough questioning as the US Supreme Court began to review the legality of President Donald Trump’s tariffs.“Over the last 25 years, the S&P 500 has traded in a band of 10 to 23 times forward earnings,” DataTrek said in a note. “Valuations have ebbed and flowed with investor confidence in the global financial system, economic/earnings growth, and human ingenuity. History shows corporate fundamentals do not create valuation turning points; expected changes in macro conditions do. This is an important observation just now, with the S&P sporting very high multiples and concerns growing about that fact.”Market highlightsASX 200 futures are pointing up 65 points or 0.7 per cent to 8870.All US prices are near 3pm New York time:AUD+0.3% to US65.07¢Bitcoin+3.7% to $US$104,017On Wall St: Dow+0.6%S&P+0.8%Nasdaq+1.2%VIX-1.66 to 17.34Gold+1.4% to $US3988.43 an ounceBrent oil-1.6% to $US63.48 a barrelIron ore-0.1% to $US103.55 a tonne10-year yield:US4.16%Australia4.31%Today’s agendaNAB is set to release its full-year results on Thursday morning. Amcor and Light&Wonder are scheduled to release quarterly results.Among companies holding annual meetings on Thursday are Breville Group, NIB Holdings, Seven West Media, Vicinity Centres and Zip Co.Australia’s September trade data is expected at 11.30am. Overseas, central bankers are set to meet in Norway and the UK.Top storiesWe must adapt to climate change: Suncorp CEO| Net zero goal apart, there must be greater focus on resilience and mitigation against natural disasters such as floods, bushfires and storms, says Steve Johnston.Optus’ $1.5b government contracts in doubt| Political pressure on the telco may threaten its multimillion-dollar deals with the Tax Office and Home Affairs as it suffers a third network outage in two months.Criminals could hack your EV, cybersecurity tsar warns| The Australian Cyber Security Centre head also urged Australians to stop storing passwords and bank details in browsers as hackers develop software to steal them.WiseTech board sought assurances from White over share sales| The billionaire co-founder privately told directors he would stop offloading stock. Now ASIC is probing those transactions.Chanticleer: Message behind Mamdani should worry investors, CEOs and politicians| The Democrat’s win on the back of support from young voters shows how anger over intergenerational inequality will fuel policies that hurt markets and business.1/2Next PageOldestBack to topFetching latest articlesWe met a professional shoplifter to understand this crime’s popularityGreg Bearup and Carrie LaFrenzShaken, stirred and a little smoky: three cocktails to define summerThis restaurant is stuck in the past. 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