Marcus Today Pre-Market Podcast – Tuesday 3rd October

Dow declined 74.15 points, or 0.22%, to 33,433.35. The S&P 500 inched higher by 0.01% to close at 4,288.39. The Nasdaq Composite added 0.67% to close at 13,307.77 and notch its fourth consecutive positive day.
The yield on the 10-year Treasury topped 4.7% at its session high, marking its highest level since October 2007.
Technology, communications services and consumer discretionary were the only positive sectors in the broad market index. 

• Rate-sensitive utilities were the worst-performing S&P 500 sector, down 4.68%. Energy also sharply fell 1.95%, while Tech showed resilience despite rising bond yields, up 1.41%.
• 10Y yield: US 4.68%, Australia 4.48%, and Germany 2.92%.
• Gold fell for its sixth consecutive session, nearing a seven-month trough. Down 1.15%.
• Aluminium prices hit five-month highs overnight before some profit-taking weighed. Down 0.81%.
• Base metals broadly sold off overnight. Copper -2.62%, Zinc -2.23%, Lead -1.42%, Tin -1.90% Nickel up 0.62%
• Oil fell sharply lower. Brent down 1.72%, and WTI fell 2.16% as higher for longer lifted the USD and dampened the outlook for energy demand.

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