Marcus Today Pre-Market Podcast – Monday 11th December
Wall Street closed higher Friday with notable gains for the S&P 500 and NASDAQ, reaching their highest closing levels since early 2022, up 0.41% and 0.45%, respectively. The Dow finished near highs, up 130 points (+0.36%). Dow up 179 at best. Dow down 56 at worst. The rally was sparked by robust non-farm payroll and unemployment data, fuelling optimism for a soft landing, while also scaling back expectations the Fed will cut rates in March. Bonds were sold off, pushing yields higher again. 10Y and 2Y treasuries up 11bps. Among stocks, Paramount jumped 12% after reports of takeover interest. DocuSign rallied 4.8% after raising its annual revenue forecast, and Honeywell dipped 1.6% after it announced it would buy Carrier Global’s security business.
ASX 200 SPI Futures up 16 points.
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