Marcus Today Pre-Market Podcast – Friday 10th February
- Author
- Marcus Today
- Published
- Thu 09 Feb 2023
- Episode Link
- None
US markets fell overnight due to uncertainty and inflation signals, with the Treasury yield-curve inversion reaching its deepest level since the 1980s. US retail investors turned bullish for the first time since April, which is also seen as a negative indicator, pushing markets lower. Alphabet (Google) continued to drop, down 4.39% after a disappointing investor meeting on Wednesday.
The Dow Jones was down 249 points (-0.73%). At best it was up 304 points, and at worst it was down 342 points. The NASDAQ dropped 1.02%, and the S&P 500 finished down 0.88%. In Europe, Stoxx 50 +0.97%, UK FTSE +0.33%, France's CAC +0.96%, German DAX +0.72%. SPI Futures are down 26 points (-0.35%) as the ASX is expected to follow wall street lower.
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