Pre-Market Report – Tuesday 17 June: US markets recover | Uranium on a roll

Wall Street recovered from Friday losses and then some as Israel-Iran’s feud left crude production and exports unaffected while hopes of a truce between the countries increased. S&P 500 up 0.94%, NASDAQ up 1.5%. Dow finished middle of the range, up 317 points. Most sectors up. Tech, Cyclicals and Financials best performers as risk-on sentiment reignited and the outlook for the global economy improved. Meta led the gains from the major players, up 2.9%. Announced WhatsApp is getting ads and a collaboration with Oakley for new smart glasses. Amazon and Nvidia also strong, up 1.9%.

ASX to rise. SPI futures up 11 points (+0.13%). Gold and oil fall - Uranium soars on physical buying.

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