Market Updates

Pre- Market Report - SPI up 45 - US CPI better than expected - Tesla tumbles on Taxi Delay - Gold bursts Higher on Lower USD.

July 12, 2024 Marcus Today
Pre- Market Report - SPI up 45 - US CPI better than expected - Tesla tumbles on Taxi Delay - Gold bursts Higher on Lower USD.
Market Updates
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Market Updates
Pre- Market Report - SPI up 45 - US CPI better than expected - Tesla tumbles on Taxi Delay - Gold bursts Higher on Lower USD.
Jul 12, 2024
Marcus Today
  • SPI up 45 points.
  • Dow +0.08% S&P -0.9% Nasdaq -2% 
  • Russell 2000 up 3.6%.  Just the second day since 1979 when the Russell 2000 rose more than 3% while the S&P 500 declined. 
  • CPI better than expected Sept Rate Cut looks locked in now.
  • USD Index falls 0.55%
  • Gold runs 1.8% higher.
  • Iron ore bounces of $105. 
  • LME commodities in holiday lull.
Show Notes
  • SPI up 45 points.
  • Dow +0.08% S&P -0.9% Nasdaq -2% 
  • Russell 2000 up 3.6%.  Just the second day since 1979 when the Russell 2000 rose more than 3% while the S&P 500 declined. 
  • CPI better than expected Sept Rate Cut looks locked in now.
  • USD Index falls 0.55%
  • Gold runs 1.8% higher.
  • Iron ore bounces of $105. 
  • LME commodities in holiday lull.