Market Updates
A twice-daily podcast from the Marcus Today team for self-directed investors.
Published every weekday before the ASX open and after the close (AEST), these short updates cover what's moving markets, key developments overnight, and the themes shaping the trading day.
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Market Updates
Pre-Market Report – Wednesday 17 September: US markets flat, waiting for Fed | SPI down 29
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Wall Street recorded another quiet session. Down slightly as nerves kicked in ahead of the Fed rate decision tomorrow – widely expected to cut by 25bps. S&P 500 down 0.13%, Nasdaq fell 0.07%. Dow dropped at open, found a little strength from noon onwards. Closed mid-range, down 126 points. Mixed sector performance. Utilities worse performer, down 1.8%, followed by Materials and REITS. Energy was the best performer, following oil upwards as Ukraine hit more Russian supplies. Cyclicals the only other notable performer, a further Tesla gain of 2.8% boosting the sector, after Musk disclosed he bought 1Bn more in company stock earlier in the week.
ASX to fall. SPI futures down 29 points (-0.33%).
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