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Pre-Market Report – Wednesday 6 Mar: US tech drops, gold holds
Manage episode 404860895 series 2991632
The Nasdaq Composite pulled back by 1.65% to 15,939.59 as technology stocks felt the brunt of the market’s drop. The Dow Jones Industrial Average lost 404.64 points, or 1.04%, to 38,585.19. The S&P 500 dipped 1.02%, closing at 5,078.65.
ASX to fall. SPI Futures down 10 points (-0.13%). Bitcoin swoons and falls. Gold close to record high.
Powell Testimony ahead.
- Base metals came under pressure amid disappointment at the lack of big-ticket stimulus from China. Copper -0.38%, Nickel -0.84%, Aluminium -0.38%, Zinc +0.35%, Lead -0.37%, and Tin -0.09%.
- Gold up 0.63% at $2,129 per ounce, after having hit a record $2,141 earlier.
- Oil prices fell on doubts about China Achieving its economic growth target. WTI -0.70% and Brent Crude -0.97%. Lithium falls hard.
- 10Y Bond Yields – US 4.139%, Australia 4.041%, and Germany 2.319%.
- Currencies - Aussie dollar down 0.12% to 65.03US cents, USD Index flat, and Japanese Yen -0.37%.
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.
1330 епізодів
Manage episode 404860895 series 2991632
The Nasdaq Composite pulled back by 1.65% to 15,939.59 as technology stocks felt the brunt of the market’s drop. The Dow Jones Industrial Average lost 404.64 points, or 1.04%, to 38,585.19. The S&P 500 dipped 1.02%, closing at 5,078.65.
ASX to fall. SPI Futures down 10 points (-0.13%). Bitcoin swoons and falls. Gold close to record high.
Powell Testimony ahead.
- Base metals came under pressure amid disappointment at the lack of big-ticket stimulus from China. Copper -0.38%, Nickel -0.84%, Aluminium -0.38%, Zinc +0.35%, Lead -0.37%, and Tin -0.09%.
- Gold up 0.63% at $2,129 per ounce, after having hit a record $2,141 earlier.
- Oil prices fell on doubts about China Achieving its economic growth target. WTI -0.70% and Brent Crude -0.97%. Lithium falls hard.
- 10Y Bond Yields – US 4.139%, Australia 4.041%, and Germany 2.319%.
- Currencies - Aussie dollar down 0.12% to 65.03US cents, USD Index flat, and Japanese Yen -0.37%.
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.
1330 епізодів
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