Marcus Today Pre-Market Podcast – Tuesday 6th June
US markets finished lower overnight after tech and energy stocks erased earlier gains, in a subdued trading day. Cyclical stocks weighed on the Dow. Dow down 200 points (-0.59%), at best up 41 points, and at worst down 210 points. Major laggards Caterpillar -1.8%, Boeing -2.1% and 3M – 4.4%. S&P 500 down 0.20%. NASDAQ down 0.09%. Markets remain uncertain whether the Fed will pause rates at its upcoming meeting following jobs data last week that showed slowing US wage growth. Apple briefly hit a record high, climbing as much as 2.2% before closing down 0.8% after the company unveiled an Augmented reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone.
USD Index flat after gaining 0.44% on Friday on jobs report. Gold gained as US treasury yields retracted. Oil prices rose after Saudi Arabis announced cutting its output to 9 million barrels per day in July from 10 million in May, its largest reduction in years, a move seen as moderately bullish. European markets tracked the US down across the board, STOXX 50 -0.7%, FTSE -0.1%, CAC -1%, and DAX -0.5%. Wall Street’s fear gauge VIX higher +0.9%. SPI futures down 41 points (-0.57%)
HEADLINES
Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.
Why not sign up for a free trial? Get access to expert insights and research and become a better investor.
Make life simple. Invest with Marcus Today.
Create your
podcast in
minutes
It is Free