Episode Details

US equities ended mixed Friday as the Dow dropped 259 points (-0.61%), the NASDAQ  rose 0.56%, and the S&P 500 remained flat. Financial stocks came under selling pressure amid concerns over New York Community Bancorp's weak guidance, causing its shares to fall 8.2%, with Bank of America and Wells Fargo also lower, down 1.8% and 1.4% respectively. Tech stocks, however, were buoyed by anticipation of earnings next week, with Microsoft, Alphabet, and Meta rising modestly. Telsa gained 3.34% building on its 22% rally the day before and Nvidia rose 0.8% overtaking Apple as the most valuable company. For the week only the NASDAQ saw a gain, rising 0.15%, Dow down 2.68% and the S&P 500 eased nearly 1%.

ASX SPI down 2

COMMODITIES

• Chile's Codelco suspends operations at copper refinery after worker's death.
• Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse.
• Rio Tinto signs MOU with China's Nanjing Steel on decarbonisation.
• Gold firms as Mideast woes, election uncertainty lift prices.
• Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election.
• Zinc slides as inventory arrivals ease supply fears.
• Dalian iron ore climbs after 3-day slide, posts weekly gain.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.