Marcus Today Pre-Market Podcast – Monday 15th January
Wall Street closed mixed overnight, with the Dow Jones closing 118 points lower (-0.31%), while the S&P 500 and NASDAQ remained mostly unchanged. Markets grappled with the impact of corporate quarterly results and softer-than-expected PPI data. BofA (-1.1%) and Wells Fargo (-3.3%) fell as their results fell short of estimates, while JPMorgan, despite posting upbeat results, lost 0.7%. UnitedHealth fell 3.36%, and Delta Airlines sank 8.9% after adjusting its 2024 earnings forecast downward. Tesla also saw a 3.7% drop following the announcement of a production halt in its Berlin plant due to conflicts in the Red Sea. Citigroup, gained 1% after revealing plans to reduce its workforce by 10%.
ASX SPI Futures up 5 points.
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