Pre-Market Report – Tuesday 29 April: Flat night on Wall Street ahead of a busy week

Wall Street recorded a flat session on Monday ahead of various economic data and earnings releases this week. S&P 500 up 0.06%, NASDAQ down 0.1%. Dow fell throughout the day but rose in the late afternoon to finish in the green. Up 114 points (+0.28%). Mixed sector performance. Real Estate and Energy best two performers. Tech worst performer after leading gains for three consecutive days. Modest losses. Amazon (-0.7%) down as sellers plan on reducing Prime Day discounts to protect margins amid China tariffs. IBM (+1.6%) up after it pledged $150 billion US investment. Another Tech concession to Trump. Nvidia down 2.1% as rival Huawei announces new chip. Intel (+2.3%) up after it was 6.7% down the previous session. Rebound from a strong sell-off. Resources mixed. Oil down. Weakening demand fears. Nickel up +0.9%. Natural gas up 7.9% on lifted demand forecast and front-month contract’s expiration.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.
 
 Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.