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 – Monday 16 September: US heads towards new records | Fed in focus
Wall Street ends the week on a positive note as markets raise bets for a bigger rate cut by the Fed next week. The S&P 500 rose 0.54% overnight, and is up 4% for the week, its best week since November and is within 50 points of its all-time high reached in July. The Dow advanced 297 points (+0.72%). Up 437 points at best and up 2.6% for the week. The NASDAQ rose 0.65% (+5.95% for the week) and small caps Russell 2000 which is more sensitive to rate changes, outperformed jumped 2.49%.
ASX SPI up 16 points - Eyes Records again
COMMODITIES
- Putin's commodities ban threat puzzles Russian firms and officials.
- Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say.
- Oil eases on resuming US output after storm, rising rig count.
- Copper, aluminium, zinc hit two-week high on weak dollar.
- US offshore oil industry reawakens after Francine shut-ins.
- Gold bulls set sights on previously dismissed record $3,000/oz milestone.
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.