Marcus Today Pre-Market Podcast – Monday 12th February
The S&P 500 achieved a historic milestone, closing above 5,000 for the first time, while the Nasdaq briefly reached above 16,000. Gains were driven by mega-caps and chip stocks. Notably, Nvidia, up 3.6%. The Dow Jones slipped by 55 points, the S&P 500 gained 0.57%, and the NASDAQ Composite rose 1.25% coming within 0.4% of its previous record high set in Nov-21. This marked the fifth consecutive weekly gain for all three indexes, with the S&P up by 1.4%, the Nasdaq rising by 2.3%, and the Dow climbing by 0.04%.
US Treasury yields rose, paring earlier gains, with the 10Y note reaching 4.195%, the highest level since January 25, and the 2Y note hitting 4.499%, the highest since December 13. The yield curve between 2Y and 10Y notes remained slightly inverted at minus 30bps.
ASX SPI Futures unchanged. CAR and JBH results out.
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