Pre-Market Report – Monday 9 December: US mixed on jobs report | ANZ CEO retires

Market Updates

The S&P 500 advanced modestly early and mostly held those gains into the closing bell in New York for its 57th record closing high this year. Breadth, however, continues to lag with just four of the 11 industry sectors rising.
The S&P 500 is on track to hit 30% gains this year. The consumer discretionary sector outperformed, boosted by gains in Lululemon (+15.9%). The sportswear maker raised full-year forecasts. The Dow Jones ended 123 points lower (-0.26%) weighed down by losses in UnitedHealth (-5.0%). The VIX fell 4.9% to 12.83, its lowest level since mid-July and Bitcoin jumped back above the $100k mark.
Market sentiment overall was driven by the latest jobs data. The US economy added 227,000 jobs last month, mostly in line with expectations, and the three-month average came in at 173,000, confirming expectations that the labour market is cooling, at a moderate pace.
SPI down 25 - ANZ CEO to Retire - Regal pulls out of Platinum discussions,
RBA Tomorrow.
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.