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 6 September: US markets mixed ahead of jobs data | SPI up 9
The S&P 500 dipped 0.3% to end at 5,503.41, while the Dow Jones Industrial Average lost 219.22 points, or 0.54%, to settle at 40,755.75. The Nasdaq Composite gained 0.25% to finish at 17,127.66, after rising as much as 1.2% earlier in the session.
Private payrolls data showed the weakest growth since 2021, heightening fears of a slowing labor market. However, weekly claims for unemployment benefits declined from the previous week.
Non-Farm Payrolls tonight – Forecasts for an increase of 161,000 jobs for August.
ASX to edge higher. SPI Futures up 9 points (+0.11%).
COMMODITIES
- Copper firms on China's power initiatives in Africa.
- Gold gains as investors anticipate super-sized Fed rate cut.
- Oil prices hold at a 14-month low as demand worries offset big US storage withdrawal.
- US crude stockpiles fall to 1-year low as imports fall, EIA says.
- OPEC+ to delay output hike by two months amid oil selloff and signs of weak demand.
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