Pre-Market Report – Tuesday 10 November: US markets soar despite Huang issues - SPI up 96 - Gold up - Oil down
From Market Updates · 10:28
Show by Marcus Today
US stock indices closed higher on Monday from last week’s rout as renewed dip buying drove the market toward its best day since April. The S&P 500 gained 2.3%, the Dow rallied 1,104 points, and the Nasdaq outperformed with a gain of 2.7%. Chipmakers rallied after Friday’s plunge, when Democrats took control of Congress and drove markets to speculate on lower returns for AI companies, compounding concerns that the sector’s growth was slowing. AMD (+13.3%) was upgraded to outperform at Oppenheimer. Broadcom surged 8.8%, Lam Research soared 10.4%, Micron jumped 6.2%, and Applied Materials climbed 11.4% ahead of its earnings this week. In contrast, Nvidia lost 4.3% after CEO Jensen Huang admitted to an affair with a suspected Chinese spy, potentially prompting Congress to tighten export controls on its chips. Among hyperscalers, Alphabet (+1.2%) is rolling out a broader array of AI chips. Meta jumped 5.1%, Microsoft rose 2.7%, and Amazon added 2.9%.SPI up 96 = Gold up - Oil downMarcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.
More episodes of Market Updates
More episodes
- Pre-Market Report – Friday 13 November: US markets stutter on Nvidia news - SPI down 61 - Gold falls - Yields rally - COH reaffirms.
- End of Day Report – Thursday 12 November: ASX 200 falls just 6 - Banks shine - Resources shudder - Nvidia in focus - GEM bid - XRO jumps
- Pre-Market Report – Thursday 12 November: US markets head higher - CoreWeave jumps - SPI down 37 - XRO Buyback - Gold slips
- End of Day Report – Wednesday 11 November: ASX 200 Shrugs off US Negativity - CBA quarterly - IEL Bid - Resources rally
- Pre-Market Report – Wednesday 11 November: US markets ease on CPI and Waller comments - Nvidia drops another 5% - Gold pulls back - CBA Results - Anthropic files.
- End of Day Report – Tuesday 10 November: ASX 200 soars 99 points - Most sectors up - Yields fall - Gold miners better - Asian market firm.
- End of Day Report – Monday 9 November - ASX 200 up 9 - Resources flying - Uranium bounces - Banks fall on ANZ results - Nvidia fall out
- Pre-Market Report – Monday 9 November: US Markets mixed - ASX SPI up 20 - ANZ results - Gold eases
- End of Day Report – Friday 6 November: Nasdaq Down 5%, ASX Down 0.5% -
- Pre-Market Report – Friday 6 November: Wall St Smashed as the Blue Wave Crashes -
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