Marcus Today Pre-Market Podcast – Wednesday 15th March

The Dow Jones Industrial Average ended up 336.26 points, or 1.06%, at 32,155.40, snapping a five-day losing streak. The S&P 500 added 1.68% to close at 3,920.56. The Nasdaq Composite climbed 2.14% to end at 11,428.15.

The SPDR S&P Regional Banking ETF (KRE) closed the session up 2%, regaining some ground following a 12% decline the day prior. Shares of First Republic Bank popped nearly 27% after closing down nearly 62% on Monday.

The consumer price index rose 0.4% in February from January, matching the consensus estimate of economists polled by Dow Jones. The annualized increase of 6% was also in line with economists’ expectations. So-called “core” CPI, which removed volatile food and energy prices, grew from the prior month slightly more than economists expected at 0.5%, while the year-over-year increase of 5.5% came in line with what they anticipated.

• Oil prices dropped to a 9-week low 
• Commodities eased slightly. Gold fell 0.5% as money flowed back into equities.
• Chinese Data due today including Industrial production and Retail Sales.

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

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