Pre-Market Report – Friday 20 September: US markets celebrate rate cut | New record highs

The Dow advanced 522.09 points, or 1.26%, ending at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to close at 5,713.64, topping 5,700 for the first time. The Nasdaq Composite surged 2.51% to end at 18,013.98.ASX to rise. SPI Futures up 31 points (+0.38%).COMMODITIESBiden administration nears approval for ioneer's Nevada lithium mine.Saudi Arabia's crude oil exports in July hit almost one-year low.Oil ends more than 1% higher on US rate cut, declining crude stockpiles.Gold gains over 1% as Fed begins deeper rate-cut cycle.Copper hits two-month high after Fed's bold rate cut.Iron ore climbs on China stimulus hopes, softer stockpiles.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.