Pre-Market Report – Thursday 26 September: US markets mixed | SOL earnings
The Dow Jones lost 293 points (-0.70%) and the S&P 500 retreated 0.19% pulling back from recent record highs. The NASDAQ eked out a small 0.04% gain, while small caps underperformed, Russell 2000 falling 1.19%. Meta unveiled Orion, its first augmented reality glasses prototype and the market responded positively, shares rose 0.9% closing at a record high. Losses in Amgen -5.45% weighed on the Dow after the company reported mixed data on two drugs raising concerns over heightened competition. US treasuries rose across the board. 10Y yield rose 5.9bps and has advanced in five of the last seven sessions, while the 2Y yield gained 2.1bps. USD Index up 0.46%, AUD flat, and Bitcoin slid 0.90%. The probability of a 50bps cut a the next FOMC meeting at 59.2% according to CME FedWatch.
ASX to rise. SPI Futures up 17 points (+0.21%)
COMMODITIES
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
Create your
podcast in
minutes
It is Free