Pre-Market Report – Wednesday 21 August: US falls after 8 days of gains | BXB, CTD, DMP results

The Dow Jones Industrial Average slid 61.56 points, or 0.15%, to 40,834.97. The S&P 500 slid 0.2% to 5,597.12, while the Nasdaq Composite shed 0.33% to 17,816.94.

Tuesday’s declines snapped eight-day winning streaks for the S&P 500 and Nasdaq, the first positive periods of that length for each since late 2023. If the S&P 500 had finished Tuesday up, it would have marked its longest winning streak since 2004. Meanwhile, the Dow notched its first negative day in the last six.

ASX SPI Down 44 - Results in Focus - CTD - BXB- WTC - DMP.

• Gold extends record rally on dollar weakness, rate-cut bets.
• Oil settles down 1% as Middle East tensions ease, China data weak.
• Dalian iron ore extends gains on strengthening steel prices.
• Initial bids for Anglo's Australian coal mines due by Sept 9, sources say.
• Alumina shortages fuel aluminium's surge to five-week high.
• China's 2024 rare earths mining output quota rises 5.9% from 2023 total.

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