Market Updates

Pre-Market Report – Tuesday 16 July: Trump Trade Back On - Dow Hits Record - SPI down 4 - RIO Production Numbers

July 16, 2024 Marcus Today
Pre-Market Report – Tuesday 16 July: Trump Trade Back On - Dow Hits Record - SPI down 4 - RIO Production Numbers
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Market Updates
Pre-Market Report – Tuesday 16 July: Trump Trade Back On - Dow Hits Record - SPI down 4 - RIO Production Numbers
Jul 16, 2024
Marcus Today

 Dow jumped 210.82 points, or 0.53%, to 40,211.72. The S&P 500 added 0.28% to 5,631.22. Both touched new intraday highs in the session, while the former also saw a record close. The Nasdaq Composite rose 0.4% to 18,472.57.

ASX SPI Down 4 points.

  • Gold at near two-month peak as Fed rate-cut hopes lend support.
  • Oil prices ease on demand concerns in China.
  • Iron ore extends gains on China stimulus hopes.
  • China data and inventories weigh on copper.
  • Rio Tinto shuts iron ore mine in eastern Canada amid wildfires.
  • Investment in critical minerals in web of doubt, industry says.



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Show Notes

 Dow jumped 210.82 points, or 0.53%, to 40,211.72. The S&P 500 added 0.28% to 5,631.22. Both touched new intraday highs in the session, while the former also saw a record close. The Nasdaq Composite rose 0.4% to 18,472.57.

ASX SPI Down 4 points.

  • Gold at near two-month peak as Fed rate-cut hopes lend support.
  • Oil prices ease on demand concerns in China.
  • Iron ore extends gains on China stimulus hopes.
  • China data and inventories weigh on copper.
  • Rio Tinto shuts iron ore mine in eastern Canada amid wildfires.
  • Investment in critical minerals in web of doubt, industry says.



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.