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Pre-Market Report – Friday 20 September: US markets celebrate rate cut | New record highs
Manage episode 440797279 series 2991632
The Dow advanced 522.09 points, or 1.26%, ending at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to close at 5,713.64, topping 5,700 for the first time. The Nasdaq Composite surged 2.51% to end at 18,013.98.
ASX to rise. SPI Futures up 31 points (+0.38%).
COMMODITIES
- Biden administration nears approval for ioneer's Nevada lithium mine.
- Saudi Arabia's crude oil exports in July hit almost one-year low.
- Oil ends more than 1% higher on US rate cut, declining crude stockpiles.
- Gold gains over 1% as Fed begins deeper rate-cut cycle.
- Copper hits two-month high after Fed's bold rate cut.
- Iron ore climbs on China stimulus hopes, softer stockpiles.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1565 episodios
Manage episode 440797279 series 2991632
The Dow advanced 522.09 points, or 1.26%, ending at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to close at 5,713.64, topping 5,700 for the first time. The Nasdaq Composite surged 2.51% to end at 18,013.98.
ASX to rise. SPI Futures up 31 points (+0.38%).
COMMODITIES
- Biden administration nears approval for ioneer's Nevada lithium mine.
- Saudi Arabia's crude oil exports in July hit almost one-year low.
- Oil ends more than 1% higher on US rate cut, declining crude stockpiles.
- Gold gains over 1% as Fed begins deeper rate-cut cycle.
- Copper hits two-month high after Fed's bold rate cut.
- Iron ore climbs on China stimulus hopes, softer stockpiles.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1565 episodios
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