Marcus Today Pre-Market Podcast – Tuesday 23rd May
US stocks closed mostly higher in an uneventful day of trade. The Dow closed 140 points lower, the S&P 500 near flat, finishing just in the green ending off session highs just under the 4200 level, and the NASDAQ added 0.5%, supported by gains in Alphabet and Meta. European stocks finished little changed. Gold come under pressure from Hawkish Fed officials, Treasury yields weaker 2Y yield back above 4.3%, USD stronger and shares in PacWest Bancorp surged by almost a fifth +19.55% on news it has agreed to sell a portfolio of 74 real estate construction loans to a subsidiary.
Dow Jones down 140 points (-0.42%). S&P 500 up 0.02%. NASDAQ up 0.50%. VIX Volatility Index up 3.1%. In European markets Stoxx 600 -0.01%, FTSE +0.18%, CAC -0.18%, and DAX -0.32%.
SPI Futures are up 5 points
Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.
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