Marcus Today Pre-Market Podcast – Wednesday 17th January

The Dow Jones Industrial Average fell Tuesday as bond yields ticked higher and Wall Street pored through the latest batch of fourth-quarter earnings. Boeing took a hit on a broker downgrade falling nearly 8%.

The Dow declined 231.86 points, or 0.62%, to close at 37,361.12. The S&P 500 slipped 0.37% to end at 4,765.98, and the Nasdaq Composite dropped 0.19% to 14,944.35.

ASX SPI Futures up 5. AUD takes a hit as US Bond yields rise.

• Oil little changed as stronger dollar counteracts Red Sea disruptions.
• Gold dips over 1% as dollar, yields rise on hawkish remarks by Fed's Waller.
• US oil output due to drop in February, for fifth straight month EIA says.
• Iron ore investors mine irrational exuberance.
• Copper's dollar-induced dip offset by China stimulus hopes.
• Australia sends biggest copper concentrate shipment to China since 2020.

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