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.Clear. Practical. No noise.
Pre-Market Report – Thursday 16 July: US markets gain - Mag & stocks do well - Apple hits record - SPI up 13 - Oil steady - BHP Quarterly - PPT bid revealed.
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End of Day Report – Wednesday 15 July: Resources Take the ASX Up 33 Points -
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Pre-Market Report – Wednesday 15 July: US Markets push higher on CPI and Fed - SPI up 49 - Oil up - Gold up - EVN quarterly
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End of Day Report – Tuesday 14 July: ASX 200 closes unchanged on resource rally - Asia holding firm - Gold and oil bounce
The ASX 200 finished unchanged at 8809, fighting back from earlier losses as resources found a footing. US futures helped, as did steady markets across Asia. Banks eased back, with CBA down %, leaving the Big Bank Basket at $281.76 (-0.6%). Other financials also weakened, NWL fell 2.2% and SOL dropped 0.8%. REITs were easier too, with GMG down 2.7% and CHC falling 1.3%. WOW and COL slid 1% as defensives were sold down. Healthcare picked up a little, with CSL rising 1.3% and COH up 1.6%. Industrials...
Pre-Market Report – Tuesday 14 July: US markets slide - Chips get fried - Oil jumps - SPI down 8 - US Earnings in focus - Warsh on the Hill.
US stock indices closed lower on Monday amid weakness in chipmakers and a deteriorating macroeconomic backdrop. The S&P 500 fell 0.8%, the Nasdaq 100 lost 1.9%, and the Dow dropped 138 points. Chipmakers sank on persistent concerns that AI hyperscalers will be forced to scale back spending on AI infrastructure. SK Hynix ADRs fell 8.6% after surging 13% in their debut on Friday, as a Korean brokerage warned the company could miss its next earnings expectations. Nvidia shed 3.5%, Broadcom was down 4%, AMD retreated 4.2%, and Intel fell 6.1%, while memory producers Sandisk and Micron lost 12.6% and 4.3%, respectively. Stocks in other sectors also declined alongside US Treasuries after...
End of Day Report – Monday 13 July: ASX 200 closes up 3 - Banks hold firm - Miners slip - XRO CEO sells out - SK Hynix Crashes
The ASX 200 recovered from early losses to close up just 3 points at 8,809, despite weakness across the region, particularly in Korea. Once again, the banks held firm, with the Big Bank Basket rising to $283.41 (up 0.8%). ANZ was the best of the bunch, gaining 1.1%. Insurers also rallied, with IAG rising 2.0% and SUN adding 0.9%.
Other financials eased, with BVS falling 5.5% on profit-taking after a strong week. Industrials were generally soggy. CSL fell 1.3%, RMD dropped 4.9%, and technology stocks remained unloved. XRO fell 4.3% following CEO share...
Pre-Market Report – Monday 13 July: US Markets firm - SPI up 43 - RRL pulls out - Oil up
Wall St rose Friday, closing out a second straight week of gains in a quiet session. Dow Jones up 150 points. S&P 500 up 0.42%, closing in on record highs. Nasdaq up 0.29%. Russell 2000 down 0.49%. VIX down 5.11%. Mag7 up 1.4%. SOX flat. SaaS down 0.8%.
SPI futures up 43 points or 0.49%. RRL pulls out of VAU race - OML extends bid deadline.
For the week, the S&P 500 rose 1.23% and the Nasdaq added 1.74%. Mag7 up 3.96...
End of Day Report – Friday 10 July: ASX 200 up 0.5% - Resources bounce back - Banks firm - Healthcare and Industrials lose ground.
The ASX 200 rose 44 points to 8,806, up 0.5%, after a slow start, with the banks finding their feet. For the week, the ASX 200 fell 38 pts. CBA rose 0.5% and ANZ gained 0.8%. The Big Bank Basket rose to $281.06 (0.6%). Other financials also firmed, with MQG up 0.9% and NWL rising 2.2%. ZIP rallied 2.0%. REITs were better, with GMG up 0.2% and CHC rising 2.2%. In the industrials, we saw some profit-taking, with TLS under pressure now that Vicki Brady is back on board from her holiday. <...
Pre-Market Report – Friday 10 July: US markets push higher - Chips better - SPI down 2 - Gold up - Oil down - BVS upgrade
US stocks gained traction on Thursday amid gains for chip producers and an improvement in credit conditions. The S&P 500 rose 0.5% and the Nasdaq 100 gained 1.3%, while the Dow rose 200 points. Memory chip producers were sharply higher as markets reconsidered the speculative outlook of AI infrastructure manufacturers. These were magnified by the introduction of SK Hynix ADRs tomorrow, the world's largest memory producer, with reports stating the receipts are seven times oversubscribed. Micron and Sandisk were 7% up. Meanwhile, oil prices and bond yields eased amid evidence that laden tankers continued to cross the Strait of Hormuz despite fresh attacks between...
End of Day Report – Thursday 9 July: ASX 200 falls 23 - Banks firm - Iron ore sinks - Gold falls - Oil up
The ASX 200 fell 23 points as, once again, resources came under pressure. BHP fell 1.1%, RIO was hit hard following a broker downgrade, down 3.3%, and FMG also lost ground. Gold miners were weaker despite gold holding relatively steady. NST fell 0.9%, while EVN down 1.7%. Elsewhere, lithium and rare earth stocks also drifted lower, with S32 down 3.5%.
Meanwhile, in the oil and gas sector, both WDS and STO rose, along with uranium stocks, following the deal with India announced by the Prime Minister. Banks drifted...
Pre-Market Report – Thursday 9 July: US markets recover from lows - SPI down 49 - Oil jumps on renewed conflict - Gold steady - Fed Minutes
US stock indices closed mixed on Wednesday as higher oil prices worsened the macroeconomic backdrop while chipmakers rebounded. The S&P 500 fell 0.3%, the Dow lost 577 points, while the Nasdaq 100 gained 0.3%. Treasury yields rose after President Trump said the ceasefire with Iran was "over" following renewed strikes, fueling concerns over energy-driven inflation. Those fears were reinforced by minutes from the Fed's June meeting, which showed some policymakers saw a case for further rate hikes if inflation remains elevated. Credit-sensitive sectors weakened, with JPMorgan losing 2.5% and Visa down 1.3%. Most AI hyperscalers lost amid concerns over heavy spending on data center infrastructure...
End of Day Report – Wednesday 8 July: ASX 200 stages a Argentinian fightback to close down only 19 - Resources weaker - Banks firm - Tech down
The ASX 200 fell another 19 points to 8785 (0.2%) as resources were once again under pressure. Well off the lows though of around 120 pts down. BHP fell 2.3% on potential strike action, RIO dropped 2.6% and FMG held up relatively well. Lithium plays remained depressed, with PLS down 3.3% and LTR falling 4.3%. Gold miners were also under pressure, although well off their lows, with NST down 1.7%, EVN crashing 4.2% and GMD also in trouble. LYC managed a small gain, as did BSL. Oil and gas stocks...
Pre-Market Report – Wednesday 8 July: US markets fall - US Launches strikes against Iran - Oil spikes - SPI down 39 - Resources under pressure
US stock indices closed lower on Tuesday amid a selloff in chipmakers. The S&P 500 fell 0.4%, the Nasdaq 100 dropped 1.8%, and the Dow Jones lost 131 points, pulling back from a record high. Semiconductor stocks came under pressure as investors questioned whether AI hyperscalers can justify elevated infrastructure spending. Samsung's 19-fold surge in quarterly profit failed to support market sentiment, which came under renewed pressure following reports that China's DeepSeek is developing its own AI chip. Broadcom fell 0.8%, Micron lost 4.7%, AMD retreated 6.5%, and Intel slumped 9.7%. Nvidia on the other hand, added 0.7%. Higher bond yields weighed on broader markets after attacks on...
End of Day Report – Tuesday 7 July: ASX 200 drops 27. - Banks shine - Resource hit as flare up in Gulf hurts - WTC up - US markets weaker - Samsung tumbles.
The ASX 200 fell 27 points to 8,804 (0.3%) as resources came under significant pressure following renewed kinetic action in the Gulf. Gold miners eased and the broader resources sector was weak.
The big miners struggled, with BHP down1.9% and RIO falling 1.8%. Lithium stocks were well and truly under pressure, with PLS down 5.5%, MIN off 5.6% and even LYC slipping 6.4%. Gold miners also lost ground as the bullion price eased back, with NST down 5.1% and EVN falling 5.3%. The nascent gold rally appears to have been snuffed out before...
Pre-Market Report – Tuesday 7 July: US Markets head higher - Dow over 53k - SPI up 3 - Quiet day ahead again
The S&P 500 gained 0.72% to end at 7,537.43, while the Nasdaq Composite advanced 1.12% to 26,121.16 as markets started a new trading week following Friday’s U.S. Independence Day holiday. The Dow Jones Industrial Average climbed 155.84 points, or 0.29%, for a record close of 53,055.91. The 30-stock index also posted an intraday record in the session.
Tech stocks rose broadly. The State Street Technology Select Sector SPDR ETF (XLK) added almost 2%, led by a 7% climb in Western Digital and a 2.8% jump in Teradyne. Marvell Technology rose more than 1%, and Oracle gained 2.5%.
SPI up 3 - Gold steady - Oil steady...
End of Day Report – Monday 6 July: ASX 200 down 13 - Banks ease - Tech rallies slightly - VAU bid - US Futures up.
The ASX 200 closed down 13 points at 8,831 (0.2%) after drifting from positive to negative throughout the day. The banks were a little sloppy, with WBC down 1.1% and the Big Bank Basket falling to $273.60 (-0.3%). The insurance sector also eased, while the rest of the financials were mixed.
REITs also had a mixed session, with CHC down 0.7%, while GMG edged slightly higher. Industrials lacked direction. Healthcare was the standout sector, with CSL up 2.0%, RMD rising 1.3% and SIG adding 1.1%. Technology stocks also found support, with...
Pre-Market Report – Monday 6 July: ASX 200 set to open weaker - GMD bids for VAU - SPI down 35 - Fed Minutes this week.
US Markets closed Friday - Gold steady - SPI down 35 - GMD bids for VAU - Quarterlies continue.
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End of Day Report – Friday 3 July: ASX 200 soars 120 pts as banks and miners fly high - Up 0.9% for the week - US closed tonight - Gold shines - Quarterlies in focus.
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Pre-Market Report – Friday 3 July: US markets mixed - Jobs below estimates - Closed tonight SPI up 52 - Gold recovers
US equity indices closed mixed on Thursday, as tech volatility gripped trading ahead of the holiday, despite easing concerns over rate hikes. The S&P 500 was flat and the Nasdaq 100 fell 0.8%. Chipmaker stocks fell for a second day as investors questioned whether AI optimism had pushed valuations beyond reasonable levels. Fresh developments included reports that OpenAI was in talks to sell a 5% stake to the US government, while Meta (-4.9%) said it may monetize its excess compute capacity. Micron Technology sank 7%, Applied Materials slipped 7.4%, and Advanced Micro Devices dropped 4.3%. SanDisk (-14%) and Marvell (-9.8%) tanked. Tesla fell 7.5% despite a...
End of Day Report – Thursday 2 July: ASX 200 up 2 pts - Good comeback - Banks up 1.1% - PPT bid - Gold miners better - US futures flat.
The ASX 200 rose just 2 points to 8725 after an early swoon. NAB jumped 3.8% on a broker upgrade, WBC followed, up 2.2%, and the Big Bank Basket rallied to close at $269.80 (+1.1%)
Financials were mixed, although insurers fared better, with QBE up 0.5% and SUN rising 0.8%. REITs continued to flounder, with GMG down 0.3% and SCG off 0.8%. Industrials also showed weakness, with WES falling 4.0% as brokers trimmed forecasts. SGH slipped 5.0%, while retailers came under pressure, with JBH down 1.7%, LOV falling 2.1% and <...
Pre-Market Report – Thursday 2 July: ASX Set to Open Lower - SOX down but MAG7 and Software Up -
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End of Day Report – Wednesday 1 July: ASX 200 falls 56 as banks sold down - BHP up 0.9% - CSL up - S32 soars on AAI deal - US futures drift lower
The ASX 200 dropped 56 points today to close at 8,723 (0.6%), with the banks suffering steep losses. CBA dropped 2.4%, and ANZ fell 2.5%, with the Big Bank Basket declining to $266.89 (-2.3%). Other financials were mixed, with MQG falling 1.2%, although HUB had a good day, rising 5.4%. REITs were again a little on the nose as distributions and higher bond yields continued to weigh on the sector. SCG fell 0.3%, and CHC dropped 2.7%. Industrials painted another mixed picture, with ALL falling 2.1%. Retail was also mixed, with JBH<...
Pre-Market Report – Wednesday 1 July: US markets end quarter on high - SPI up 8 - S32 sells assets to Alcoa
US stock indexes closed higher on Tuesday, supported by strength in the technology sector and easing inflation risks. The S&P 500 gained 0.8%, while the Nasdaq 100 rose 1.7%, and the Dow Jones added 136 points to close at a record high of 52,319. Chipmakers extended their rebound as investors looked past recent concerns over stretched AI-related valuations, encouraged by strong guidance from semiconductor producers despite elevated hyperscaler spending. Nvidia gained 2.6%, AMD rose 7.7%, and Intel advanced 6%. Meanwhile, oil prices remained near pre-conflict levels, easing concerns that the Federal Reserve could be forced into a hiking cycle. The softer inflation backdrop also supported traditional sectors...
End of Day Report – Tuesday 30 June: ASX 200 drops 45 in afternoon weakness - Gold miners smacked - Banks firm - US Futures lacklustre
The ASX 200 finished the financial year on a lacklustre note, falling 45 points to 8779 (0.5%) as the banks gained and gold miners came under renewed pressure. The Big Bank Basket rose to $273.04 (0.4%) despite CBA holding firm. Other financials fared well too with ZIP up 3.5% and SUN rising 1.2%. REITs struggled as ex-dividend stocks weighed on the sector, with GMG down 3.0% and SCG off 1.5%. Industrials were mixed. TLS fell 1.6%, while tech eased, with XRO up only 0.1% and WTC falling 2.4%. The All - Tech Index gained 1.3...
Pre-Market Report – Tuesday 30 June: US Markets push higher - Nasdaq up 2% - SEMIs rally - SPI up 3 - EOFY - Gold eases
US stocks closed sharply higher on Monday, with the S&P 500 rising 1.2%, the Nasdaq 100 surging 2.3%, and the Dow Jones gaining 307 points to finish at a fresh record high, as investors reassessed the AI trade following the recent selloff. Sentiment was also supported by easing tensions between the US and Iran over the weekend, with President Trump saying peace talks with Iran are set to resume on Tuesday. Communication services, consumer discretionary, and technology stocks led the advance. Alphabet jumped 5% on its first trading day as a Dow component replacing Verizon, while Nvidia gained 1.3%, Amazon climbed 3.2%, Meta advanced 2.2%, and Tesla...
End of Day Report – Monday 29 June: ASX 200 up 59 - Late run - Banks firm - Tech jumps - Ex Divs abound
The ASX 200 rose 59 points today to close at 8823 (0.7%), with the banks solid. CBA rose 1.0% and NAB gained 1.0%, with the Big Bank Basket up to $271.94 (0.8%). Other financials also had a good session, with NWL rising 3.1% and ZIP enjoying a strong day, up 8.7%, along with XYZ, up 4.9%. Industrials were also firm, with the retail sector performing well. JBH rose 2.2% and ALL also pushed higher. Plenty of Ex Dividends today in REITs and utilities.
Technology finally appears to be finding its feet, with ...
Pre-Market Report – Monday 29 June: US markets mixed - SPI up 16 - Slow start to week - Gold up slightly - US Iran agree to stop hostilities
Wall St ended near flat Friday in another mixed session. Dow Jones down 45 points. S&P 500 down 0.05%. Nasdaq down 0.24% (much better than futures yesterday indicated). Russell 2000 flat. Breadth positive - eight of eleven sectors higher, led by healthcare and consumer stocks. Volume well above average. VIX down 2.54%. For the week, the S&P 500 fell 1.95% and the Nasdaq lost 4.60% - two losses greater than 4% in the last month, equalling the worst weeks since the tariff tumble. The SOX...
End of Day Report – Friday 26 June: ASX 200 closes up 16 - Tech and AI on the nose in Asia and US Futures down - Banks steady - Gold miners better
The ASX 200 played out a nil-all draw today, closing up just 16 points at 8,764 in a session of highs and lows. Some EOFY shenanigans were evident in a handful of stocks. The banks held firm, recovering some of yesterday's losses, with ANZ up 0.5% and the Big Bank Basket steady at $269.71 Insurers eased as bond yields steadied, with QBE down 0.2% and SUN off 0.7%. Other financials also slipped, with NWL down 2.8% and HUB falling 4.8%. Industrials were patchy. WES continued higher and JBH found ongoing...
Pre-Market Report – Friday 26 June: US Markets mixed - Bite taken out of Apple - Micron surges - SPI up 9 - Gold up - Oil up
US equities finished mixed on Thursday, with the S&P 500 flat, the Nasdaq 100 falling 0.5%, and the Dow Jones up 0.1%. Investors reassessed their exposure to mega-cap tech stocks while also weighing encouraging economic data. Despite optimism surrounding semiconductors and AI demand, concerns over concentrated gains in a few hyperscale and software names weighed on broader indices. Micron rallied over 15% after stronger-than-expected earnings and a bullish revenue forecast for the August quarter, while Qualcomm rose nearly 4% after doubling its projection for non-handset revenue in the next three years. By contrast, Nvidia, Oracle, Amazon, Alphabet, and Microsoft saw losses up to 3.7%. Apple...
End of Day Report – Thursday 25 June: ASX 200 drops 60 - Resources, banks, tech drop - Industrials and healthcare push ahead - Nasdaq up 600
The ASX 200 fell another 60 points to 8,749, down 0.7%. Once again, it was resources that bore the brunt of the selling, with the gold price testing $4,000 and heading below it, and gold miners slipping. NST down 3.3%, EVN down 3.8%, with the iron ore miners also under pressure today. RIO off 2.3%, FMG down 1.6%. Lithium stocks also fell away, with PLS down 5.0% and LTR also falling 7.4%. Copper stocks were very much on the nose, following falls in resource and commodity prices overseas. SFR down 3.6%. Meanwhile, oil and gas stocks were...
Pre-Market Report – Thursday 25 June: US Markets mixed - Micron soars after hours - Nasdaq up 540 - SPI up 16 - Gold tests $4000 - Iron ore up.
US equities closed mixed on Wednesday amid losses for heavyweight tech companies. The S&P 500 inched down 0.1% and the Nasdaq 100 lost 0.4%. Micron dropped 0.4% ahead of its earnings report due after the close, with its guidance set as the latest bellwether for memory demand. The move followed a 13% plunge in the previous session amid growing concerns that capital expenditure by AI companies may have become excessive. Other semiconductor producers also fell with Qualcomm and Sandisk down 2.5% and 3.5%, respectively. AI-related fundraising remained elevated, with SK Hynix reportedly seeking to raise $29 billion through a US listing, shortly after SpaceX’s record IPO. Ot...
End of Day Report – Wednesday 24 June: ASX Up, South Korea Up, Nasdaq Futures Up
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Pre-Market Report – Wednesday 24 June: US markets slip - Chips fried - SPI up 35 - Resources to suffer - Korea in focus.
US stock indices closed negative on Tuesday amid a selloff in heavyweight chip producers. The S&P 500 fell 1.4%, and the Nasdaq 100 lost 3.3% as AI infrastructure companies, including semiconductor and memory chip producers, tanked on increasing skepticism that AI spending by hyperscalers will not meet returns. Also, SK Hynix slowed production of advanced AI chips to boost commodity DRAM capacity, a sign that demand for compute could slow. Nvidia (-4.2%), Broadcom (-3.1%), Qualcomm (-8%), AMD (-5.8%), Micron (-13.2%), and Sandisk (-11.2%) posted losses. Tesla lost 5.8% and Oracle slipped 5.8%. Meanwhile, SpaceX added 1%, rebounding as it issued bonds only one week after...
End of Day Report – Tuesday 23 June: ASX 200 down 29 - Banks push ahead - Resources suffer - Tech woes continues - Gold slips - US Futures looking wobbly - Korea down 9%
The ASX 200 finally made up its mind after oscillating between positive and negative territory and closed down 29 points at 8,787 (-0.3%). Resource stocks were back on the nose as the gold price slipped lower in Asian trade, with NST down 2.7%, EVN down 2.5%, and NEM down 2.1%. BHP eased slightly, along with RIO, while lithium stocks once again came under pressure, with PLS down 1.1% and MIN off 2.5%. Most resource stocks finished lower on the day. Uranium stocks also came under pressure, along with oil and gas names, with <...
Pre-Market Report – Tuesday 23 June: US Markets mixed - Tech under pressure - SpaceX falls again - SPI up 21 - Gold firm - Iron ore slips - WTC in focus.
The S&P 500 fell on Monday, weighed down by declines in technology stocks. Wall Street also assessed the latest developments in the Iran war negotiations and awaited the release of inflation data closely watched by the Federal Reserve.
The broad market index fell 0.37% to 7,472.79, while the Nasdaq Composite declined 1.32% to end at 26,166.60. The Dow Jones Industrial Average added 148.01 points, or 0.29%, led by a nearly 4% gain in Caterpillar.
Major tech names pulled the market into negative territory. Shares of Alphabet dropped 5%, spurred by concerns around artificial intelligence talent departures. Amazon and Meta Platforms lost 4.8% and 2.3%, respectively...
End of Day Report – Monday 22 June: ASX 200 falls 13 - Convictionless day - WTC trashed on AFP news - Gold rallies - Banks solid.
The ASX 200 slipped 13 points to 8816 (0.1%) in a quiet day of trade, oscillating between small gains and small losses. Banks remained solid, with CBA the star of the show, up 0.6%. MQG, though, fell 0.8%, while insurers were better, with QBE rising 1.5% and IAG up 3.0%.
There was not much action in the REIT sector, with SCG up 1.1% and GMG largely unchanged.
Elsewhere, it was a mixed picture across industrials and technology stocks. SGH rose 3.0% following the announcement of a $500 million buyback. However, we once...
Pre-Market Report – Monday 22 June: US Markets closed - Futures down slightly - Oil up - SPI down 16 - Cautious start to the week.
US Markets closed - European markets ease
Confusion in the Middle East - Is the Strait open or closed?
SPI down 16 - Metals off in London Trade.
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End of Day Report – Friday 19 June: ASX 200 drops 82 - BHP down 5.6% on Jansen - CSL jumps 7.6% - Index up 25 for the week- US markets closed
The ASX 200 was on shaky ground falling 82 pts to 8829 (0.9%), with BHP the major culprit after announcing changes to payments and a blowout in capex at its Jansen potash project. Lower iron ore prices didn't help either, BHP finished down 5.6%, with RIO falling 3.1%. Not helping investors was news that JD Vance was no longer in the departure lounge for Switzerland, as Lebanon remains an issue. Donald Trump has already signed the MOU with Iran, but we did see US futures turn negative, despite the fact there is a holiday in America tonight. ASX 200 unchanged...
Pre-Market Report – Friday 19 June: US markets push higher ahead of long weekend - SPI down 51 - Gold down - BHP Jansen blowout
U.S. stocks rose on Thursday, staging a comeback after the Federal Reserve indicated the possibility of a rate hike this year — a move that sparked a sell-off in equities during the previous session.
The S&P 500 added 1.08%, closing at 7,500.58, and the Nasdaq Composite climbed 1.91% to 26,517.93. The Dow Jones Industrial Average rose by 72.15 points, or 0.14%, to end at 51,564.70.
Intel led chip stocks higher, rising 10.6% after President Donald Trump said the company will partner with Apple on designing chips in the U.S. Fellow semiconductor names such as Nvidia and Micron Technology were also higher by abo...
End of Day Report – Thursday 18 June: ASX 200 drops 55 - Banks and Big Miners under pressure - Oil off 2.5% US Futures up.
The ASX 200 closed down 55 points at 8911 (0.6%), with the banks coming under some pressure and resources also slipping. CBA dropped 0.9%, WBC dropped 1.1%, but ANZ managed a small gain, along with MQG, which was again up on the day. The Big Bank Basket dropped to $269.97 (-0.75%). The rest of the financials were not faring so well, with ASX down 2.3% and HUB also down 2.3%, while ZIP fell slightly as well.
The REIT sector also came under a little pressure again today, with <...
