Pre-Market Report – Monday 1 December: US markets firm, commodities jump | SPI up 4
Description
Wall St had a good short session overnight on thin volume. Path of least resistance in the short-term higher amid a lack of major news. S&P 500 up 0.54%, closing on the high. Nasdaq up 0.65%. Dow up 289 points. Another broad rally, all sectors higher save for Health Care. Energy best despite WTI falling 0.4%. Rubio not planning to attend a NATO foreign ministers meeting regarding the Ukraine/Russia peace deal. A surprise move which signals Washington’s frustration with the lack of progress. Tech only in the mid-pack yet the average FANG move was better (+0.9%). Meta (+2.3%) best. Nvidia (-1.8%) worst.
Most commodities higher overnight save for oil and iron ore.
SPI up 4 - AUB bid pulled - TWE write offs.
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