Pre-Market Report – Friday 17 January: US markets waiver | Apple sinks 4%

The S&P 500 slipped Thursday, ending a three-day winning streak, as big tech shares pulled back.

The broad market index slid 0.21% to 5,937.34. The tech-heavy Nasdaq Composite dropped 0.89% to 19,338.29. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13.

Apple shares were down 4%, posting their worst day since Aug. 5. Tesla tumbled more than 3%. Nvidia slid nearly 2%, and Alphabet lost around 1%.

SPI up 11 - RIO and Glencore no longer in talks about a merger - Chinese GDP at 1pm.

COMMODITIES

• Gold climbs to over one-month high on weaker yields after US data.
• Oil settles lower on expected halt to Houthi shipping attacks.
• Copper hits five-week peak on China stimulus hopes.
• Iron ore hits four-week high on lower shipments, softer dollar.
• Mideast oil prices jump on robust China, India demand post-sanctions.

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