Episode Details
Back to EpisodesPre-Market Report – Monday 5 October: US Markets firm on NFP - SPI up 26 - EQT bid on track - CSL in focus - Firmus
Description
Wall St rose Friday, though ended off best levels after non-farm payrolls missed expectations, slightly dialling back rate hike bets (bad news is good news). Dow Jones up 250 points. S&P 500 up 0.73%. Nasdaq up 1.19%. Russell 2000 up 0.94%. Mag7 up 1.61%. SOX up 2.40% (Micron one of the few losers). SaaS up 0.2%.
ASX set to rise on Monday. SPI futures up 26 points or 0.3%. CSL deal on new drug - EQT on track
For the week, the S&P 500 fell 0.27%, the Nasdaq up 0.45%, the Dow down 1.25%. Mag7 flat for the week. SOX up 3.69% for the week (now up 18% from its absolute low following the AI safety selloff). Bitcoin near flat overnight and for the week. AUD up 0.40% overnight to 69.56 US cents, down 0.94% for the week after the USD index rose 0.88%.
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