Market Updates
A twice-daily podcast from the Marcus Today team, designed for self-directed investors. Stay informed with the latest stock market, financial, and business news, published every weekday just before the market opens and after it closes (AEST).
Market Updates
Marcus Today Pre-Market Podcast – Thursday 2nd February
The S&P 500 gained 1.05% to 4,119.21, reversing an early decline of almost 1%. The Nasdaq Composite added 2% to 11,816.32, boosted by gains in chipmakers following strong earnings from AMD. Meanwhile, the Dow Jones Industrial Average rose 6.92 points, or 0.02% to 34,092.96 , after sliding more than 500 points at the day’s lows.
Fed chief Jerome Powell soothes the market nerves despite a 0.25% rate increase.
USD falls, gold rallies. AUD at 71.40c Commodities and oil ease.
The big news after hours was Meta and its results together with a US$40bn stock buyback. The stock rallied another 17% on the news.
Headline inflation in the euro zone came in at 8.5% in January, according to preliminary data released Wednesday. In December, the rate was recorded at 9.2%.
ECB and BoE to come tonight.
Get up to speed with Henry Jennings’ Pre-Market Podcast.
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