Marcus Today Pre-Market Podcast – Monday 22nd January
Last Friday, the S&P 500 achieved a record-high close, up 1.13% to 4840, propelled by chipmakers and tech stocks amid optimism surrounding AI. This milestone confirmed the S&P 500's bull market status since Oct-22, signalling the end of a bear market. The NASDAQ rose 1.7%, and the Dow advanced 395 points (+1.05%), up 465 points at best. Notably, Nvidia and AMD rose 4.2% and over 7.1%, respectively, following an optimistic profit forecast from server maker Super Micro Computer. The Philadelphia SE Semiconductor index also soared 4% to a record high. The week saw the S&P 500 rising by 1.17%, the NASDAQ by 2.26%, and the Dow Jones by 0.72%. Additionally, positive economic indicators included Michigan consumer sentiment reaching unexpected 2021 highs and a decline in inflation expectations for the year ahead to the lowest in three years.
ASX SPI Futures up 26 points
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