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Pre-Market Report – Wednesday 30 April: US markets rally for sixth day | WBC takes a hit

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Manage episode 479826341 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 recorded another set of gains on Tuesday in a choppy session as markets weighed upcoming earnings, economic data and changing trade policy. Sixth straight day of gains for the S&P 500. S&P 500 up 0.58%, NASDAQ up 0.55%. Dow fell early on but recovered to end the day up 300 points (+0.75%). Closed near high. All sectors in green except Energy. Lower oil prices. Materials and Non-Cyclicals top performing sectors. Trump signed an order to reduce the impact of his auto tariffs to positive results. Ford up 1.3%, Tesla up 2.2%, most of the Magnificent Seven. General Motors down 0.6% but it pulled its outlook amid tariff uncertainty. Visa up 1.2% after beating estimates on strong card spending volumes. Coca Cola (+0.8%) also beat estimates but guided tariffs could hurt consumer sentiment. Resources mixed. Oil down to two weak low. OPEC+ boost to output and fears of global economic slowdown. Metals mixed. Aluminium up +1.3%, Nickel down 0.4%.

ASX to rise. SPI futures up 28 points (+0.35%).

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1835 episodes

Artwork
iconShare
 
Manage episode 479826341 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 recorded another set of gains on Tuesday in a choppy session as markets weighed upcoming earnings, economic data and changing trade policy. Sixth straight day of gains for the S&P 500. S&P 500 up 0.58%, NASDAQ up 0.55%. Dow fell early on but recovered to end the day up 300 points (+0.75%). Closed near high. All sectors in green except Energy. Lower oil prices. Materials and Non-Cyclicals top performing sectors. Trump signed an order to reduce the impact of his auto tariffs to positive results. Ford up 1.3%, Tesla up 2.2%, most of the Magnificent Seven. General Motors down 0.6% but it pulled its outlook amid tariff uncertainty. Visa up 1.2% after beating estimates on strong card spending volumes. Coca Cola (+0.8%) also beat estimates but guided tariffs could hurt consumer sentiment. Resources mixed. Oil down to two weak low. OPEC+ boost to output and fears of global economic slowdown. Metals mixed. Aluminium up +1.3%, Nickel down 0.4%.

ASX to rise. SPI futures up 28 points (+0.35%).

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

1835 episodes

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