Marcus Today Pre-Market Podcast – Friday 14th April
US equities finished sharply higher closing near best levels. S&P and Nasdaq now both higher week to date. Fresh economic data showed cooling inflation and a loosening labour market, fuelled optimism the Fed would be nearing the end of its aggressive rate hike cycle. Gold hit a 13-month high, while the USD weakened. Treasuries little changed, rallying initially before retreating a touch. All three major US stock indices surged more than 1% with interest rate-sensitive tech stocks providing the most support pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month. Dow Jones up 383 points (+1.14%). Dow up 408 at best, and down 41 at worst. S&P 500 up 1.33%. NASDAQ up 1.99%. VIX Volatility Index down 6.8%. In Europe, Stoxx 50 +0.7% FTSE +0.2% CAC +1.1% DAX +0.2%. SPI Futures are up 15 points (+0.20%).
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