Marcus Today Pre-Market Podcast – Friday 29th September
- Author
- Marcus Today
- Published
- Thu 28 Sep 2023
- Episode Link
- None
The Dow Jones Industrial Average climbed 116.07 points, or 0.35% to 33,666.34. The S&P 500 added 0.59% to 4,299.70 — just shy of the key 4,300 level. The Nasdaq Composite jumped about 0.83% to 13,201.28.
The S&P 500 is due to finish the month down 4.6% and the quarter off by 3.4%. The Nasdaq is on target to finish the month and quarter lower by 5.9% and 4.3%, respectively.
The S&P 500 is due to finish the month down 4.6% and the quarter off by 3.4%. The Nasdaq is on target to finish the month and quarter lower by 5.9% and 4.3%, respectively.
- Wall St ends higher as investors digest economic data ahead of inflation report.
- Global stock index rises as oil, 10-year yield and dollar pull back.
- US stocks close lower after choppy trading, bond yields ease – AFR.
- Nike up 8.5% in after hours trade - beats profit estimates as higher pricing pays off.
- Oil eases 1%, reversing rally, on profit taking, interest rate worries.
- US Jobless Claims 204K v consensus 215K – further pressuring rates.
- Shutdown looms as US Senate, House advance separate spending plans.
- White House says economy faces headwinds from possible shutdown, restart of student debt repayments, higher rates and UAW strike.
- Fed to enter a phase of structurally higher rates than policymakers and investors anticipated.
- UAW plans to strike additional facilities on Friday absent serious progress in negotiations.
- US GDP growth unrevised at 2.1% in second quarter as economy shows resilience.
- Fed's Goolsbee sees risk of 'error in view that low inflation needs high unemployment.
- Fed's Barkin says it's too soon to say if another hike needed.
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