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 29 August: Nvidia falls 7% on results and $50bn buyback
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Marcus Today
The Nasdaq Composite fell 1.12% to close at 17,556.03, while the S&P 500 slipped 0.6% to end at 5,592.18. The Dow Jones Industrial Average lost 159.08 points, or 0.39%, settling at 41,091.42.
Nvidia reported after the bell.
ASX to fall. SPI Futures down 22 points (-0.27%)
- Gold falls on firmer dollar as US data takes spotlight.
- Iron ore retreats from 3-week high as investors await signs of demand recovery.
- Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses.
- Chinese demand worries trigger funds sell-off in metals.
- Argentina official says lithium, copper to drive metal exports to $10bn by 2027.
- Libya's oil blockade widens as factions vie to control central bank.
- US crude stockpile fall week-over-week though by less than expected.
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