Marcus Today Pre-Market Podcast – Monday 19th February
US equities fell overnight, with the NASDAQ leading the losses, as a hotter-than-expected producer prices report tempered expectations for immediate interest rate cuts by the Fed. The S&P 500 fell by 0.48% but managed to close above 5,000 for the fourth time this year, the Dow Jones slid by 145 points, and the NASDAQ lost 0.82%. Following five consecutive weeks of gains, all three indexes ended the week lower, Dow -0.11%, S&P 500 -0.42%, and NASDAQ -1.34%. US Treasury yields rose in response to the producer prices data, with the 10Y Treasury note climbing by 4.3bps to 4.285%, marking its second consecutive weekly gain. Similarly, the 2Y note yield increased by 6.3bps to 4.646%, marking its third consecutive weekly gain, the longest streak since September.
ASX SPI Futures up 8 Points
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