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Pre-Market Report – Friday 4 October: US markets fall on Middle East | Oil up 5%
Manage episode 443407688 series 2991632
Stocks fell on Thursday as concerns over Middle East tensions kept investors on edge. NFP Friday.
The Dow Jones Industrial Average slid 184.93 pts or 0.44%, to end at 42,011.59. The S&P 500 lost 0.17% to close at 5,699.94. The Nasdaq Composite ended the day off 0.04% at 17,918.48 as a rally of more than 3% in Nvidia capped downside pressure.
Oil up 5% on Biden’s comments.
Friday’s nonfarm payrolls will show growth of 150,000, up from 142,000 in August. The unemployment rate is expected to hold steady at 4.2%.
ASX SPI down 27
COMMODITIES
- Oil gains ~5% as Middle East conflict stokes supply concerns.
- Gold holds steady as safe-haven demand counters stronger dollar.
- Exxon Mobil signals fall in third-quarter upstream earnings.
- IEA forecasts tight supply and record gas demand in 2025.
- OPEC oil output drops in September on Libyan outage.
- Libyan oilfields open now that central bank dispute resolved.
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.
1553 episodes
Manage episode 443407688 series 2991632
Stocks fell on Thursday as concerns over Middle East tensions kept investors on edge. NFP Friday.
The Dow Jones Industrial Average slid 184.93 pts or 0.44%, to end at 42,011.59. The S&P 500 lost 0.17% to close at 5,699.94. The Nasdaq Composite ended the day off 0.04% at 17,918.48 as a rally of more than 3% in Nvidia capped downside pressure.
Oil up 5% on Biden’s comments.
Friday’s nonfarm payrolls will show growth of 150,000, up from 142,000 in August. The unemployment rate is expected to hold steady at 4.2%.
ASX SPI down 27
COMMODITIES
- Oil gains ~5% as Middle East conflict stokes supply concerns.
- Gold holds steady as safe-haven demand counters stronger dollar.
- Exxon Mobil signals fall in third-quarter upstream earnings.
- IEA forecasts tight supply and record gas demand in 2025.
- OPEC oil output drops in September on Libyan outage.
- Libyan oilfields open now that central bank dispute resolved.
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.
1553 episodes
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