Marcus Today Pre-Market Podcast – Monday 18th December
US markets closed mixed after a day of high-volume trading. The Dow Jones gained 57 points (+0.15%), a record-high close for the third session in a row. Up 2.92% for the week marking a ninth straight winning week. The S&P 500 finished flat, NASDAQ +0.35% and Russell 2000 -0.77%. The S&P 500 and NASDAQ registered a seventh straight week of gains, up 2.50% and 2.85%, its longest winning streak since 2017. The session also marked the expiry of quarterly derivatives tied to stocks, index options and futures, known as “triple witching”. US treasuries finished little changed, short-dated 2Y yields did rise, up 6.1bps after fed officials dampened expectations of an imminent rate cut in Q1 next year. Quite on the corporate front, but in economics, the S&P Global PMIs highlighted a strong service sector, though manufacturing fell short of expectations.
ASX SPI Futures down 74 points.
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