Pre-Market Report – Friday 20th December: US markets stabilise | Commodities weak on USD strength

The Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss. The 30-stock Dow added 24 points, or 0.07%. The S&P 500 was little changed, as was the Nasdaq Composite.

The 10-year Treasury yield rose to 4.566% on Thursday after climbing more than 13 basis points to cross 4.50%.

Gross domestic product accelerated at a 3.1% seasonally adjusted annualized pace during the July-through-September period, 0.3 percentage point better than the previous estimate and above the 2.9% Dow Jones consensus estimate.

Consumer spending, which accounts for about two-thirds of all activity in the $29.4 trillion U.S. economy, rose 3.7% in the quarter, 0.2 percentage point faster than the prior estimate.

ASX SPI down 51 - Triple Witching in US tonight - Commodities weak on USD strength.

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