Pre-Market Report – Thursday 21 August: US markets flat, tech sells off | Super Thursday

Wall Street recorded a negative session as Tech once again acted as a drag to the broader market, as investors rotated into other sectors ahead of the Jackson Hole summit which begins today in the US. S&P 500 down 0.24%, Nasdaq fell 0.67%. Dow recorded a choppy session, closing near the open. Closed mid-range, up 16 points. Primarily strong sector performance with the Growth sectors of Cyclicals and Tech the only two holding the indices back. Apple and Tesla, down 2.0% and 1.6%, led the losses. Energy followed oil up, Staples added to yesterday’s gains and Healthcare climbed upward too.

Resources up. Oil rose US crude inventories dropped by more than expected with a decrease of 6m barrels. Copper, aluminium and zinc all down.

ASX to rise. SPI futures up 20 points (+0.23%). Super Thursday Results - BXB GMG SUL 

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