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Pre-Market Report – Monday 27 April: US Markets Mixed - SPI down 3 - Oil Eases - Negotiations Stalled - Public Holiday in Some States

Published 3 weeks, 3 days ago
Description

The S&P 500 and Nasdaq Composite both finished Friday at record highs, buoyed by optimism that US–Iran peace talks may soon occur in Pakistan. Since quashed. The S&P 500 rose 0.8% to 7,1658, while the Nasdaq climbed 1.6% to 24,837. In contrast, the Dow Jones slipped 0.2%, closing at 49,231. Intel surged 23% to a new record after posting strong results and sharply beating sales for profits this year. Nvidia rose more than 4%, Amazon added over 3%, and Palantir gained 1.1%. Also, P&G added 1.6% after topping sales forecasts and reiterating its full-year forecast. For the week, the S&P 500 rose 0.6%, the Nasdaq added 1.5%, while the Dow fell 0.4%.

SPI down 3 - Gold up slightly - Oil drifted lower.

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