Marcus Today Pre-Market Podcast – Friday 22nd December

Stocks rose on Thursday, with the S&P 500 recovering from its worst day since September as the year-end rally resumed.

The Dow Jones Industrial Average gained 322.35 points, or 0.87%, to 37,404.35. Meanwhile, the

Nasdaq Composite advanced 1.26% to 14,963.87.

The S&P 500 added 1.03% to 4,746.75. That places the broad market index about 1% from its closing high and 1.5% from its intraday record.

ASX to open higher. SPI Futures up 35 points (+0.47%).
 
Gold bounced 0.5% ahead of PCE data tomorrow.
Brent Crude down 0.26%, and WTI off 0.87% after Angola said it would exit OPEC.
Copper gained 0.17% after US economic growth was revised down, raising expectations for interest rate cuts early next year and pushing the USD lower.
Base metals finished mixed. Nickel +0.51%, Aluminum +0.22%, Zinc -0.66%, Lead -0.63%, and Tin -0.12%.
10Y Bond Yields – US 3.931%, Australia 4.097%, and Germany 2.022%.

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