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 – Tuesday 20 August: US extends rally | DRR, ANN, MND
The Dow Jones Industrial Average added 236.77 points, or 0.58%, to finish at 40,896.53. The S&P 500 rose 0.97% to close at 5,608.25, while the Nasdaq Composite jumped 1.39% and ended at 17,876.77. The S&P 500 and Nasdaq notched their eighth straight winning day, a first for both indexes in 2024.
Last week saw the biggest gains for the three indices for the year!
The percentage of S&P500 companies that reached above their 10-day and 50-day moving averages ramped up to about 90% and 69%, respectively.
ASX SPI up 36 points.
COMMODITIES
- Oil falls by more than $2 a barrel on Gaza ceasefire talks and weak Chinese economy.
- Gold subdued after record run as traders await cues from Fed.
- Dalian iron ore reverses losses on stronger steel prices, stimulus hopes.
- Scores in central Serbia rally against Rio Tinto's lithium project.
- China demand hopes, lower dollar lift copper prices.
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