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 – Friday 30 August: US markets slightly higher | DOW, RHC, TPG results
August 29, 2024
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Marcus Today
The Dow Jones managed a 0.6% gain, enough for its third all-time high since Monday. The Nasdaq composite, which is heavily weighted with technology stocks, slipped 0.2%. It had been up 1.3% in the early going.
ASX SPI up 51 - Results - TPG - APX - DOW
- Copper and aluminium extend losses on weak Chinese demand and rising inventories.
- Gold gains nearly 1% as investors zero in on Fed cuts, inflation data.
- Oil settles up over 1% on worries over supplies from Libya, Iraq.
- Libya's oil output falls more than half due to political standoff.
- EIA says US gasoline prices were much lower than last year heading into the Labor Day weekend.
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