Marcus Today Pre-Market Podcast – Wednesday 30th August
Wall Street climbed most since June, fuelled by optimism the Fed will pause rates in September following the latest jobs data. The Dow Jones rose 293 points (+0.85%), ending near best levels. Up 304 points at best. Down 29 points at worst. S&P 500 up 1.45% after nearly 90% of companies in the S&P 500 rose, pushing the gauge just shy of 4,500. Nasdaq jumped 1.74%, touching its highest in over two weeks, lifted by Tesla +7.7% and Nvidia +4.2%. US treasuries retreated, 10Y yield down 9.2bps and 2Y yield fell 11.6bps. US small caps Russell 2000 gained 1.42%, and Crypto saw gains as Bitcoin jumped 6.43% after a US court ruling paved the way for the first Bitcoin exchange-traded fund. VIX eased 4.2%, and Gold gathered some momentum in the wake of weaker-than-expected US data, up 0.91%.
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