Marcus Today Pre-Market Podcast – Thursday 17th November

• The S&P 500 ended the day down 0.83% at 3,958.79, and the Nasdaq Composite shed 1.54% to 11,183.66. 
• The Dow Jones Industrial Average wrestled with the flat line all day, but finished down 39.09 points, or 0.12% at 33,553.83.
• Federal Reserve governor Chris Waller said he could be open to slowing the pace of rate rises, though he’s waiting for more data.
• US Treasury Secretary Janet Yellen signalled the Biden administration will push for greater regulation of the cryptocurrency market following the collapse of FTX.
• Target are down 13.4% in late trade after its profit tumbled 52% in the September quarter and it warned of Christmas sales down on 2021.
• Cisco slightly firmer after hours on results.
• Base metals weaker. Nickel down 8.5%
• Oil off 0.9% Gold down 0.3%
• Iron ore better in Asia yesterday up 2.5%
• AUD 67.38c.
• BHP/OZL deal expected to be announced
• ASX update on CHESS. 

Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.

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