Marcus Today Pre-Market Podcast – Tuesday 11th July
Wall Street ended higher overnight in a muted day of trade ahead of CPI data Wednesday. Dow Jones up 210 points (+0.62%). Dow at best up 223 points. Dow at worst down 29 points. S&P 500 up 0.24%. NASDAQ was little changed up 0.18%. VIX +1.62%. US treasuries were lower, 2Y yields continued to come off last week’s 5%+ highs, and the greenback softened with the USD Index falling 0.29% to 101.98. Oil eased on the increasing likelihood of more rate hikes, but crude supply cuts limited losses while iron ore continued to fall back toward US$100 a tonne. Among stocks, chip makers Intel +2.79% and Qualcomm +1.02% found support after US Treasury Yellen said over the weekend that meetings with senior Chinese officials were “direct” and “productive”.
Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.
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