Market Updates
A twice daily podcast from the team at Marcus Today, the stock market newsletter for investors, bringing you up to speed with the latest stock market, financial, and business news. Published just before market open and after market close (AEST), Monday to Friday.
Market Updates
Pre-Market Report – Friday 23 August: US markets fall ahead of Powell | SPI Futures down 43
The S&P 500 pulled back on Thursday as investors readied for a speech by Federal Reserve Chair Jerome Powell at the central bank’s annual Jackson Hole conference.
S&P slipped 0.89% to close at 5,570.64. The Dow Jones ended down 177.71 points, or 0.43%, at 40,712.78. The Nasdaq shed 1.67% to close at 17,619.35 as technology stocks were sold off.
ASX SPI Futures Down 43 Points
- Gold slips as dollar, yields rebound; Powell's speech in focus.
- Oil prices settle $1 up on hopes of a US Fed rate cut next month.
- OPEC gets updated plans from Iraq, Kazakhstan on overproduction compensation.
- Chile's Codelco could face $8 million fine for tailings dam violations.
- Aluminium steadies after hitting six-week high.
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