Pre-Market Report – Tuesday 30 September: US markets drift higher | RBA in focus
Description
Wall Street recorded a positive session as markets were unmoved by a potential US government shutdown over funding issues and hawkish commentary by FED officials. S&P 500 up 0.3%, Nasdaq rose 0.5%. Dow dropped at open, was choppy for much of the session, but found strength from about 1:30 pm and steadily rose throughout the remainder of the day. Closed near high, up 69 points. Broadly positive sector performance. Energy the only negative performer, followed oil down on reports of +OPEC increasing supply. Cyclicals the best performer, boosted by a 1.1% rise in Amazon after it settled a FTC lawsuit for $2.5Bn over Prime sign-ups and cancellation difficulties, biggest civil penalty in FTC history. Industrials, Materials and Healthcare also contributed to the broad-based positive sector performance.
ASX to rise. SPI futures up 15 points (+0.17%).
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