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Pre-Market Report – Monday 28 April: US markets continue to rally | SPI builds on gains
Manage episode 479478602 series 2991632
Wall Street recorded a fourth consecutive day of gains on Friday to finish a strong week with Tech leading the way as hopes of a de-escalation in the trade war between the US and China boosted all indices. S&P 500 up 0.74%, NASDAQ up 1.26%. Dow dropped and rose steadily throughout day to finish flat. Ended near high. Up 20 points. Mixed sector performance. Growth outperformed defensive. Rotation to risk-on stocks. Financials and Non-Cyclicals down. Tech and Consumer Cyclicals top two performers for third day running. Alphabet up 1.7%. First session after earnings beat analyst forecasts following market close on Thursday. Intel down 6.7% after disappointing earnings post-market close Thursday. Tesla up 9.8% after Trump administration said it hopes to speed up the development of self-driving cars by easing safety regulations. Up 23.7% last week. Resources down. Stronger dollar weighed on resources. Iron ore (-1.1%), copper (-0.3%) and zinc (-1.9%) all impacted.
ASX SPI up 2 following 81 point rise Friday Morning.
Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.
If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.
Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.
1811 episodes
Manage episode 479478602 series 2991632
Wall Street recorded a fourth consecutive day of gains on Friday to finish a strong week with Tech leading the way as hopes of a de-escalation in the trade war between the US and China boosted all indices. S&P 500 up 0.74%, NASDAQ up 1.26%. Dow dropped and rose steadily throughout day to finish flat. Ended near high. Up 20 points. Mixed sector performance. Growth outperformed defensive. Rotation to risk-on stocks. Financials and Non-Cyclicals down. Tech and Consumer Cyclicals top two performers for third day running. Alphabet up 1.7%. First session after earnings beat analyst forecasts following market close on Thursday. Intel down 6.7% after disappointing earnings post-market close Thursday. Tesla up 9.8% after Trump administration said it hopes to speed up the development of self-driving cars by easing safety regulations. Up 23.7% last week. Resources down. Stronger dollar weighed on resources. Iron ore (-1.1%), copper (-0.3%) and zinc (-1.9%) all impacted.
ASX SPI up 2 following 81 point rise Friday Morning.
Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.
If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.
Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.
1811 episodes
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