Marcus Today Pre-Market Podcast – Thursday 23rd March
Wall Street fell sharply overnight, falling from near two-week highs after the Fed hiked interest rates by the widely expected 25bps but signalled it may be on the verge of pausing future hikes amid recent volatility and turmoil in the financial markets. The 2-year and 10-year treasury yields retracted, and the USD index softened on the Fed’s dovish note. Dow Jones down 530 points (-1.63%), closing near low. At best Dow up 201, and at worst, down 540. S&P 500 down 1.65%. NASDAQ down 1.60%. In Europe, STOXX 50 +0.3% FTSE +0.4% CAC +0.3% DAX +0.1%. SPI Futures are down 52 points (-0.72%), losing most of yesterday’s gains.
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