Marcus Today Pre-Market Podcast – Wednesday 4th October

 The blue-chip average is down around 470 points, or 1.4%, on Tuesday. The Dow last performed worse on March 22, when the index slid 530 points, or 1.6%. 
The S&P 500 slid 1.37%, touching its lowest level since June during the session and closing at 4,229.45. The tech-heavy Nasdaq dropped 1.87% to end at 13,059.47 as growth stocks saw some of the biggest losses.

• US job openings (JOLTS) post largest increase in two years; quits rate unchanged.
• Indexes ended sharply lower as data adds to rate worries.
• Stocks slip, yields rise after US jobs data suggest higher rates.
• Yields hit 16-year highs; technical factors add to pressure.
• Toronto market falls to 1-year low as bond yields jump.
• Hong Kong-listed China shares experienced their worst session since July.
• Yen surges against dollar, leads some to suspect intervention.
• Banks stocks back in vogue for hedge funds in September -Morgan Stanley.
• Meta to lay off employees in metaverse silicon unit on Wednesday.
• US senators hope to meet with Xi during China trip next week.
• McCarthy ousted as House Speaker.
• US warns China it plans to update chip export rules to prevent China accessing advanced AI chips.

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