Business:Investing
Marcus Today Pre-Market Podcast – Friday 6th October
2023-10-05
The Dow Jones Industrial Average lost 9.98 points, or 0.03%, to close at 33,119.57. The S&P 500 dipped 0.13% at 4,258.19, and the Nasdaq Composite traded down 0.12% to end at 13,219.83.
Energy is this week’s biggest loser, followed by the beaten-down utilities sector. Both sectors are down 5.9% and 4%, respectively.
Weekly Jobless Claims came in at 207,000 for the week ending Sept. 30, up just 2,000 from the prior week’s numbers. Economists had forecasted 210,000.
The 10-year Treasury yield initially ticked up after the jobless claims report before inching down. It was last yielding at 4.714%.
- US mortgage rates rose for a fourth straight week, reaching the highest level since December 2000.
- U.S. online sales to grow 4.8% in crucial holiday season -report.
- The CNN Fear and Greed index remains in Extreme Fear territory, holding at 22.
- WTI at lowest level in over a month after this week's selloff.
- Gold extends decline for ninth day as fears of higher US rates weigh.
- Economic news today: China CPI and PPI September; China trade balance, exports and imports September
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