Artwork

Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Pre-Market Report – Wednesday 2 July: Dow up, tech down | Retail sales due

12:15
 
Share
 

Manage episode 492002083 series 2991632
Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wall Street began the quarter with a mixed session as Trump’s tax and spending bill passed the US Senate and Tesla hit a 3-week low. Trump and Musk’s feud was reignited by some social media posts in which Musk criticised the bill and Trump threatened to cut various government subsidies. S&P 500 fell 0.11%, Nasdaq down 0.82%. Volume was low in the holiday shortened week. Dow steadily rose throughout the day, finishing near the high. Up 400 points. Most sectors up. Tech the major drag, Utilities the only other sector to record a loss. No major reason for the pullback in Tech – some profit taking, jitters over concentration. Nothing concerning yet. Materials by far the best performing sector. Economically sensitive, boosted by positive economic news, as US job openings increased unexpectedly in May while ISM manufacturing PMI came in at 49, beating forecasts of 48.8. Expectations of stimulus also a tailwind.

ASX to rise. SPI futures up 19 points (+0.22%). Gold and copper up.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.
If you’re looking for personal financial advice, our friends at
Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not
sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

  continue reading

1912 episodes

Artwork
iconShare
 
Manage episode 492002083 series 2991632
Content provided by Marcus Today. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Marcus Today or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wall Street began the quarter with a mixed session as Trump’s tax and spending bill passed the US Senate and Tesla hit a 3-week low. Trump and Musk’s feud was reignited by some social media posts in which Musk criticised the bill and Trump threatened to cut various government subsidies. S&P 500 fell 0.11%, Nasdaq down 0.82%. Volume was low in the holiday shortened week. Dow steadily rose throughout the day, finishing near the high. Up 400 points. Most sectors up. Tech the major drag, Utilities the only other sector to record a loss. No major reason for the pullback in Tech – some profit taking, jitters over concentration. Nothing concerning yet. Materials by far the best performing sector. Economically sensitive, boosted by positive economic news, as US job openings increased unexpectedly in May while ISM manufacturing PMI came in at 49, beating forecasts of 48.8. Expectations of stimulus also a tailwind.

ASX to rise. SPI futures up 19 points (+0.22%). Gold and copper up.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.
If you’re looking for personal financial advice, our friends at
Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not
sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

  continue reading

1912 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play