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Pre-Market Report – Tuesday 30 September: US markets drift higher | RBA in focus

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Manage episode 509166642 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 a positive session as markets were unmoved by a potential US government shutdown over funding issues and hawkish commentary by FED officials. S&P 500 up 0.3%, Nasdaq rose 0.5%. Dow dropped at open, was choppy for much of the session, but found strength from about 1:30pm and steadily rose throughout the remainder of the day. Closed near high, up 69 points. Broadly positive sector performance. Energy the only negative performer, followed oil down on reports of +OPEC increasing supply. Cyclicals the best performer, boosted by a 1.1% rise in Amazon after it settled a FTC lawsuit for $2.5Bn over Prime sign-ups and cancellation difficulties, biggest civil penalty in FTC history. Industrials, Materials and Healthcare also contributed to the broad-based positive sector performance.

ASX to rise. SPI futures up 15 points (+0.17%).

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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2032 episodes

Artwork
iconShare
 
Manage episode 509166642 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 a positive session as markets were unmoved by a potential US government shutdown over funding issues and hawkish commentary by FED officials. S&P 500 up 0.3%, Nasdaq rose 0.5%. Dow dropped at open, was choppy for much of the session, but found strength from about 1:30pm and steadily rose throughout the remainder of the day. Closed near high, up 69 points. Broadly positive sector performance. Energy the only negative performer, followed oil down on reports of +OPEC increasing supply. Cyclicals the best performer, boosted by a 1.1% rise in Amazon after it settled a FTC lawsuit for $2.5Bn over Prime sign-ups and cancellation difficulties, biggest civil penalty in FTC history. Industrials, Materials and Healthcare also contributed to the broad-based positive sector performance.

ASX to rise. SPI futures up 15 points (+0.17%).

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

2032 episodes

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