Marcus Today Pre-Market Podcast – Monday 15th May
Dow Jones down 9 (0.03%) on Friday. 300 point range. Was down 199 at one point. S&P 500 down 0.16%. NASDAQ down 0.35%. Regional Banks mixed, reversing early losses. KBW regional bank index up 0.3%. Western Alliance was up, PacWest Bancorp was down. Negotiations over the U.S. debt ceiling continue. There has been some generally positive after-hours Fedspeak. U.S. consumer sentiment slumped to a six-month low. Janet Yellen is set to discuss the debt ceiling impasse with bank board members. There seems to be some suggestion of a debt ceiling deal. More of the same in other words. Banking fears and debt ceiling concerns dominate whilst Big Tech outperforms.
SPI Futures up 7.
HEADLINES
Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.
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