Market Updates

Pre-Market Report – Thursday 7 Mar: US bounces back, gold hits record


Listen Later

The S&P 500 added 0.51% to 5,104.76, while the Nasdaq Composite gained 0.58% to 16,031.54. The Dow Jones Industrial Average traded higher by 75.86 points, or 0.2%, to close at 38,661.05. The blue-chip average was weighed down by a drop of more than 2% in Disney. Shares of NYCB rose about 7.5% after tumbling more than 40% earlier in the session. Trading in the stock was halted several times throughout the day.

ASX to rise. SPI Futures up 37 points (+0.48%).  But lots of big companies going EX Div BHP, RIO and WDS.

  • Base metals broadly higher, buoyed by a weaker dollar, Copper +0.89%, Aluminium +0.29%, Zinc +1.71%, Lead +0.95%, and Tin +1.17%.
  • Nickel down 0.34% from improved supply prospects from Indonesia.
  • Gold extends record run, up 0.78%, driven by bets for rate cuts as early as June.
  • Oil prices edged up on smaller than expected build in US crude inventories. WTI +1.23% and Brent Crude +1.0%.
  • 10Y Bond YieldsUS 4.108%, Australia 4.007%, and Germany 2.330%.
  • Currencies - Aussie dollar up 0.92% to 65.62US cents, USD Index -0.40% and Japanese Yen -0.42%.


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.

...more
View all episodesView all episodes
Download on the App Store

Market UpdatesBy Marcus Today


More shows like Market Updates

View all
CommSec Market Update by CommSec

CommSec Market Update

11 Listeners

Motley Fool Money by LiSTNR

Motley Fool Money

87 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners

The Money Puzzle by The Australian

The Money Puzzle

41 Listeners

Your Wealth by NAB

Your Wealth

7 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

9 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

52 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

19 Listeners

Buy Hold Sell, by Livewire Markets by Livewire Markets

Buy Hold Sell, by Livewire Markets

3 Listeners

Podcast Archive by Marcus Today

Podcast Archive

0 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

12 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

29 Listeners

On the Couch by Marcus Today

On the Couch

4 Listeners

Chanticleer by Australian Financial Review

Chanticleer

17 Listeners

The Fin by Australian Financial Review

The Fin

17 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

3 Listeners