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Marcus Today Pre-Market Podcast – Monday 5th February
Published 1 year, 11 months ago
Description
The S&P 500 notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected.
The broad market index added 1.1% to close at 4,958.61, above its previous record close of 4,927.93 reached on Monday. The Dow Jones Industrial Average added 134.58 points, or 0.4%, to 38,654.42, also a record close. The Nasdaq Composite climbed 1.7% to 15,628.95.
ASX to open lower. SPI futures down 0.7%.
COMMODITIES
- Iron ore sinks to 2-week low on persistent China property sector concerns.
- Oil falls as US jobs data dents hope for near-term rate cuts.
- Gold drops as dollar, yields rise on stronger US jobs data.
- Copper falls under pressure from dollar growth.
- LME clearing house reshuffles management.
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