Marcus Today Pre-Market Podcast – Monday 5th February

The S&P 500 notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected.

The broad market index added 1.1% to close at 4,958.61, above its previous record close of 4,927.93 reached on Monday. The Dow Jones Industrial Average added 134.58 points, or 0.4%, to 38,654.42, also a record close. The Nasdaq Composite climbed 1.7% to 15,628.95.

ASX to open lower. SPI futures down 0.7%.

COMMODITIES

• Iron ore sinks to 2-week low on persistent China property sector concerns.
• Oil falls as US jobs data dents hope for near-term rate cuts.
• Gold drops as dollar, yields rise on stronger US jobs data.
• Copper falls under pressure from dollar growth.
• LME clearing house reshuffles management.

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