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Pre-Market Report – Monday 26 Feb: Results to dominate, M&A rumours too

Published 1 year, 10 months ago
Description
  • Dow up 62. NASDAQ -0.28%. S&P 500 +0.03%.
  • Big Tech calmed down overnight on Friday but didn’t sell off particularly.
  • Nvidia up 0.36% - hit a $2 trillion market cap. Now the fourth biggest company in the world. AMD -2.9%, Apple -1%. Super Micro Computer dropped 11.8% after pricing a convertible note.
  • SPI Futures up 4.
  • Oil price down 2%. The US has ramped up sanctions against Russia after Navalny's death
  • Fedspeak in the US continues to push back on expectations of early rate cuts. "Later this year" is about as specific as they got overnight.
  • Bond yields dropped a bit overnight – a positive.
  • Iron ore price up 0.2%. BHP down 0.1% and RIO up 0.5% in the US.


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