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 – Thursday 22 August: SPI Futures up 28 | Super Thursday results
The Nasdaq Composite climbed 0.57% to 17,918.99, also clinching its ninth positive day of 10. The Dow Jones Industrial Average ticked up by 55.52 points, or 0.14%, to finish at 40,890.49 for its sixth winning day of the last seven. The Russell 2000 outperformed, with the small cap-focused index climbing more than 1%.
FOMC minutes suggested a rate cut was growing more likely for September.
The revision of total payrolls following the Labor Department’s updated data released Wednesday morning comes out to a decline of 0.5%. That marks the largest downward revision since 2009.
ASX SPI up 28
- Oil settles $1 down after US job data revised significantly lower.
- Aluminium rally pauses on profit-taking, technical resistance.
- Gold prices hover near record high post US Fed minutes.
- Iron ore climbs to one-week high as property measures revive demand outlook.
- Chile's SQM posts 63% profit slump, expects weak lithium prices in near term.
- Copper giant Codelco invests in EVs, cacti as part of green makeover.
- EIA reports bigger-than-expected inventory crude draw.
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