Marcus Today Pre-Market Podcast – Tuesday 5th December

The Dow Jones Industrial Average shed 41.06 points, or 0.11%, to close at 36,204.44. The S&P 500 dropped 0.54% to 4,569.78. The Nasdaq Composite declined 0.84% to 14,185.49 as investors sold Big Tech shares, which have led the market’s gains this year.

November was the best month for the 30-stock Dow since October 2022. The S&P 500 and Nasdaq Composite both enjoyed their biggest monthly gains since July 2022.

ASX to fall. SPI Futures down 38 points (-0.53%).

• Base metals were broadly lower as the USD strengthened. Copper -2.2%, Nickel -2.11%, Zinc -2.4%, Aluminium -1.02%, Lead -1.55%, and Tin +0.88%.
• 10Y yield: US 4.263%, Australia 4.464%, and Germany 2.344%.
• Brent Crude and WTI fell % and % overnight, nearing four-month lows as markets took a wait-and-see attitude about plans by OPEC+ to cut production in Q1 2024.

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