Episode Details
Back to EpisodesPre-Market Report – Friday 20 September: US Markets celebrate rate cut - New Record Highs - SPI up 31 - Resources in Focus
Published 1 year, 3 months ago
Description
The Dow advanced 522.09 points, or 1.26%, ending at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to close at 5,713.64, topping 5,700 for the first time. The Nasdaq Composite surged 2.51% to end at 18,013.98.
ASX to rise. SPI Futures up 31 points (+0.38%).
COMMODITIES
- Biden administration nears approval for ioneer's Nevada lithium mine.
- Saudi Arabia's crude oil exports in July hit almost one-year low.
- Oil ends more than 1% higher on US rate cut, declining crude stockpiles.
- Gold gains over 1% as Fed begins deeper rate-cut cycle.
- Copper hits two-month high after Fed's bold rate cut.
- Iron ore climbs on China stimulus hopes, softer stockpiles.
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