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Pre-Market Report – Friday 3 October: US pushes slightly higher | Gold pauses, oil falls again

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Manage episode 510180326 series 2991632
Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Wall Street reached record highs with modest Thursday gains despite the US government shutdown, as Tech helped boost US indices. S&P 500 up 0.1%, Nasdaq rose 0.4%. Dow rose at the open but then began to fall, troughing at about 11:15am, steadily rising from there onwards. Closed in upper mid-range, up 79 points. Mixed sector performance. Materials and Tech the primary drivers with Meta rising 1.4% and Intel gaining 3.8%. Energy and Cyclicals the laggards. The former followed oil downward, as oil hit a four-month low over excess supply concerns, while Tesla weighed on Cyclicals, dropping 5.1% as EV credits expired in the US.

ASX to fall. SPI futures down 7 points (-0.08%).

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.
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2039 episodes

Artwork
iconShare
 
Manage episode 510180326 series 2991632
Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Wall Street reached record highs with modest Thursday gains despite the US government shutdown, as Tech helped boost US indices. S&P 500 up 0.1%, Nasdaq rose 0.4%. Dow rose at the open but then began to fall, troughing at about 11:15am, steadily rising from there onwards. Closed in upper mid-range, up 79 points. Mixed sector performance. Materials and Tech the primary drivers with Meta rising 1.4% and Intel gaining 3.8%. Energy and Cyclicals the laggards. The former followed oil downward, as oil hit a four-month low over excess supply concerns, while Tesla weighed on Cyclicals, dropping 5.1% as EV credits expired in the US.

ASX to fall. SPI futures down 7 points (-0.08%).

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.

  continue reading

2039 episodes

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