The S&P 500 inched higher by 0.02% to close at 5,985.38, while the 30-stock Dow ticked up 47.21 points, or 0.11%, to 43,958.19. The blue-chip index added as much as 230 points earlier on Wednesday. The Nasdaq Composite ended the day with a 0.26% decline and closed at 19,230.74. 

ASX SPI up 29 - AGMs in Focus

• WTI advanced 0.48% on short covering a day after hitting a two-week low on OPEC’s reduced demand forecast. Brent Crude +0.04%.
• The US EIA raised its us global oil production forecasts expecting oil demand to grow about 1m bpd in 2024, up from 900k bpd.
• Copper down 1.08% hitting a two-month low and has dropped ~7% since last week's US presidential election.
• Base metals were mostly lower as the USD continued to rise, zinc the exception up 1.21%. Nickel -0.91%, aluminium -1.19%, lead -1.04%, and tin -1.92%.
• Iron ore up 0.05% following a narrow trading session as markets weighed hopes of further stimulus support for China’s property market amid weaker credit lending data.
• Gold lost 0.88% extending its losing streak to four consecutive sessions. Weighed down by a stronger dollar and higher long dated bond yields.

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.