Pre-Market Report – Friday 21 November: US markets drop as volatility increases | SPI back down 142

The Nasdaq rallied as much as 2% after the open before reversing to finish the session -2%. That’s the highest daily trading range since April’s “Liberation Day”. Nvidia did an even bigger swing and finished down -3%. The VIX jumped to as high as 28 at one point. Why the tizz? No one can put a finger on a singular cause. The jobs number looks the obvious culprit. The US added more jobs than expected, and that makes rate cuts less likely.  SPI futures down 142 points. The ASX set to open lower. WTC AGM HEADLINES US posts solid job growth in September, but unemployment rate risesASX to dive, volatility spike triggers Wall St reversal – AFRSpanish court orders Meta to pay $550 million to digital media companiesAI borrowing binge prompts investors to back away from corporate bondsFed officials eye financial stability as they debate next rate moveWant to invest with Marcus Today? Our MT20 portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.