Breakfast Briefing – Thu 12 May
- Author
- Marcus Today
- Published
- Wed 11 May 2022
- Episode Link
- None
US stocks gave up early gains as CPI came in hotter than expected. The Dow finished down 327 (-1%) points after being up 423, the Nasdaq underperformed, losing 3.2%. SPI Futures are down 35 (-0.5%) points, with CBA and XRO results out this morning. Catch up on the latest with Henry’s Breakfast Briefing.
- ASX 200 SPI Futures down 35 points.
- Dow falls another 327 points down 1.0% in volatile trade.
- Nasdaq drops 373 points (3.2%)
- S&P 500 falls 66 points (1.7%)
- US CPI comes in at 8.3%. Ahead of forecasts but off highs.
- Gold rallies 0.7%. Iron ore up 3%. Base metals better.
- Oil up 5%.
- CBA results in focus.
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