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Pre-Market Report – Tuesday 13 May: US markets soar, Dow up over 1000 | Gold falls

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Manage episode 482327036 series 2991632
Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Wall Street jumped as the US and China agreed to cut tariffs for 90 days. Chinese imports are cut from 145% to 30%. US imports are cut from 125% to 10%. S&P 500 up 3.26%, NASDAQ up 4.35%. Dow jumped at open at inched upward throughout the session. Closed up 1161 points, just 8 off high. Broad rally. All sectors up except Utilities. Flat. Cyclicals and Tech best performers. Amazon (+8.1%) and Tesla (+6.7%) boosted the former. Defensive sectors were the laggards as risk-on sentiment reigned. Still recorded gains. Healthcare was up despite Trump's executive action to lower drug prices. Seen as vague and difficult to enforce. Pfizer rose 3.6%, Eli Lilly up 2.9%, Moderna jumped 6.0%. Investment banks up as outlook for risk assets improved. Goldman Sachs, Morgan Stanley and Citigroup all recorded gains of over 4%. Apple up 6.3% on tariff news. Same day it announced it would use AI to help preserve iPhone battery life. Resources mixed. Some jumped on news – Aluminium, Iron Ore. Others down. Nickel down 1.4%, Lithium down 1.0%.

ASX to rise. SPI futures up 97 points (+1.17%).

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.
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1839 episodes

Artwork
iconShare
 
Manage episode 482327036 series 2991632
Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Wall Street jumped as the US and China agreed to cut tariffs for 90 days. Chinese imports are cut from 145% to 30%. US imports are cut from 125% to 10%. S&P 500 up 3.26%, NASDAQ up 4.35%. Dow jumped at open at inched upward throughout the session. Closed up 1161 points, just 8 off high. Broad rally. All sectors up except Utilities. Flat. Cyclicals and Tech best performers. Amazon (+8.1%) and Tesla (+6.7%) boosted the former. Defensive sectors were the laggards as risk-on sentiment reigned. Still recorded gains. Healthcare was up despite Trump's executive action to lower drug prices. Seen as vague and difficult to enforce. Pfizer rose 3.6%, Eli Lilly up 2.9%, Moderna jumped 6.0%. Investment banks up as outlook for risk assets improved. Goldman Sachs, Morgan Stanley and Citigroup all recorded gains of over 4%. Apple up 6.3% on tariff news. Same day it announced it would use AI to help preserve iPhone battery life. Resources mixed. Some jumped on news – Aluminium, Iron Ore. Others down. Nickel down 1.4%, Lithium down 1.0%.

ASX to rise. SPI futures up 97 points (+1.17%).

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.

  continue reading

1839 episodes

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