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 12 November: US markets continue to rally | Bitcoin hits US$87k
The Dow gained 304 points, or 0.69%, to 44,293.69. The Dow’s rise brought the index above 44,000 for the first time. The S&P 500 added 0.1% to end the day at 6,001.35 and also earned a record close by surpassing 6,000 for the first time. However, the Nasdaq Composite hovered near the flatline, up 0.06% to 19,298.76.
Tesla soared more than 9%, also adding to its postelection gain. But it was an exception among large technology stocks, with Apple slipping nearly 2%. Peers Microsoft and Amazon were roughly 1% lower each. Small caps advanced, with the Russell 2000 climbing 1.47%.
ASX to inch up. SPI Futures up 4 points (+0.05%). NAB Ex Dividend - Resources under pressure - CBA 1Q tomorrow.
COMMODITIES
- Gold drops over 2% as dollar strengthens; investors await Fed policy cues.
- Oil falls on Chinese stimulus disappointment, supply outlook.
- Copper hits seven-week low on stronger dollar, weak Chinese credit data.
- Chile's Codelco offers copper to Chinese clients at a premium of $89/t.
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