Pre-Market Report – Wednesday 1 May: US Drop on Fed Concerns | WOW Sells EDV Stake
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The S&P 500 dropped 1.57% to close at 5,035.69 The Dow Jones Industrial Average fell 570.17 points, or 1.49% to finish the session at 37,815.92. The Nasdaq shed 2.04% to 15,657.82. It was an April for the major averages, with the Dow losing 5% for its worst monthly performance since September 2022. The S&P 500 slid about 4.2% this month, and the Nasdaq lost 4.4%. The three major averages snapped five-month winning streaks. ASX SPI Futures down 92 points. Base metals mixed. Nickel +0.24%, Aluminium +0.41%, Zinc +1.86%, Lead +0.45% and Tin -3.81%.Copper eased -0.13% after four sessions of gains on slower manufacturing activity in China and a firm dollar.Gold tumbled 2.09% to a one-week low, pressured by rising bond yields and the US dollar.Oil prices extended losses from yesterday following rising US crude production and hopes of a Middle East ceasefire.  WTI -0.91% and Brent Crude -0.73%.10Y Bond Yields – US 4.682%, Australia 4.479%, and Germany 2.591%.Currencies – AUD +0.03%, USD Index +0.68%, Euro -0.01%, and Bitcoin -4.34%. 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.
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Published 05/21/24
Published 05/21/24
The ASX 200 holds onto most of yesterday's gains.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.
Published 05/21/24