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Pre-Market Report – Tuesday 29 July: US markets creep higher | Fed and results in focus

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Manage episode 497093409 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 recorded another modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by US-EU trade deal, and excitement over some major corporate earnings this week including Meta, Microsoft, Amazon and Apple. S&P 500 up 0.02%, Nasdaq up 0.33%. Dow dropped at open, recovered partially, then fell steadily from noon until the final half hour of trading when it regained some strength. Finished mid-range, closed down 64 points. Narrow sector performance. Energy the best performer, followed oil up which rose following US-EU trade deal and Trump’s announcement he would shorten time given to Russia to end Ukraine war. Cyclicals and Tech also did well as risk appetite was reignited. Other sectors down. Yields up on US-EU trade deal, hurting rate sensitive sectors and boosting the outlook for global growth. REITS, Materials, Utilities all down.

ASX to fall. SPI futures down 61 points (-0.7%). Resources to be pressured - Quarterlies abound.

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.

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sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

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1974 episodes

Artwork
iconShare
 
Manage episode 497093409 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 recorded another modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by US-EU trade deal, and excitement over some major corporate earnings this week including Meta, Microsoft, Amazon and Apple. S&P 500 up 0.02%, Nasdaq up 0.33%. Dow dropped at open, recovered partially, then fell steadily from noon until the final half hour of trading when it regained some strength. Finished mid-range, closed down 64 points. Narrow sector performance. Energy the best performer, followed oil up which rose following US-EU trade deal and Trump’s announcement he would shorten time given to Russia to end Ukraine war. Cyclicals and Tech also did well as risk appetite was reignited. Other sectors down. Yields up on US-EU trade deal, hurting rate sensitive sectors and boosting the outlook for global growth. REITS, Materials, Utilities all down.

ASX to fall. SPI futures down 61 points (-0.7%). Resources to be pressured - Quarterlies abound.

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

1974 episodes

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