Episode Details
Back to EpisodesPre-Market Report – Tuesday 14 January US markets Rally Back - Nasdaq still lower - Reporting Season kicks off in US- SPI up 37
Description
The Dow Jones Industrial Average climbed Monday, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. The Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into non-tech shares such as Caterpillar, JPMorgan and UnitedHealth.
Investors are hoping the start of the fourth-quarter earnings season will stabilize markets. Banks including Citigroup, Goldman Sachs and JPMorgan Chase report on Wednesday, while Morgan Stanley and Bank of America will post results on Thursday.
ASX SPI up 37
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