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Pre-Market Report – Monday 13 July: US Markets firm - SPI up 43 - RRL pulls out - Oil up

Published 16 hours ago
Description

Wall St rose Friday, closing out a second straight week of gains in a quiet session. Dow Jones up 150 points. S&P 500 up 0.42%, closing in on record highs. Nasdaq up 0.29%. Russell 2000 down 0.49%. VIX down 5.11%. Mag7 up 1.4%. SOX flat. SaaS down 0.8%.

SPI futures up 43 points or 0.49%. RRL pulls out of VAU race - OML extends bid deadline.

For the week, the S&P 500 rose 1.23% and the Nasdaq added 1.74%. Mag7 up 3.96%. The SOX up 2.70% after a volatile week, though still well below its June 22 record. The KOSPI meanwhile fell 7.57% and Chinese markets dropped 4.20%, while the Dow slipped 0.78% and the ASX 200 eased 0.43% (weighed down by resources, gold especially). European markets broadly weaker - the DAX down 2.76%, CAC down 1.99%, STOXX 600 down 1.91%.

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