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Pre-Market Report – Monday 23 September: US markets mixed | SPI down 68
Manage episode 441283597 series 2991632
Wall Street finished mixed Friday, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and the Dow 1.62%. The session was marked by high trading volume due to "triple witching," with approximately $5.1 trillion in derivatives expiring. Fed commentary reflected divergent views. Waller suggested a willingness for another 50bps cut if economic conditions deteriorate, while Bowman maintained a hawkish stance and warned against premature policy shifts in light of persistent inflation pressures.
ASX SPI down 68.
COMMODITIES
- Nippon Steel to sell $211m in assets to manage debt amid U.S. Steel deal.
- US to award $3bn to 25 projects for battery manufacturing sector.
- Gold breaks $2,600 barrier as Fed cut bets prolong historic run.
- Copper pulls back from two-month peak on firm dollar.
- Oil ends week higher as investors take stock of Fed rate cuts.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1549集单集
Manage episode 441283597 series 2991632
Wall Street finished mixed Friday, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and the Dow 1.62%. The session was marked by high trading volume due to "triple witching," with approximately $5.1 trillion in derivatives expiring. Fed commentary reflected divergent views. Waller suggested a willingness for another 50bps cut if economic conditions deteriorate, while Bowman maintained a hawkish stance and warned against premature policy shifts in light of persistent inflation pressures.
ASX SPI down 68.
COMMODITIES
- Nippon Steel to sell $211m in assets to manage debt amid U.S. Steel deal.
- US to award $3bn to 25 projects for battery manufacturing sector.
- Gold breaks $2,600 barrier as Fed cut bets prolong historic run.
- Copper pulls back from two-month peak on firm dollar.
- Oil ends week higher as investors take stock of Fed rate cuts.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1549集单集
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