Pre-Market Report – Friday 28 August: Nvidia's best day since April – SPI up 12 – Hawkish Fed tone ahead of Jackson Hole

ASX set to rise. SPI futures up 12 points or 0.13%.Technology stocks rallied as Nvidia's revenue outlook revived confidence in the AI trade. The chipmaker jumped 8.7%, its best session since last April, which added $442bn in market value after flagging a revenue growth of 70% for FY28. The Dow rose 106 points, the S&P 500 gained 0.72% and the Nasdaq added 1.57%. The Russell 2000 gained 0.28%. The VIX fell 4.60%. Most S&P 500 stocks lower outside of Tech. Staples the worst performing sector.Bond yields edged higher for a second day as markets waited ahead of Jackson Hole, a hawkish tone is expected. Three Fed officials recently voiced concerns about inflation. Schmid said policy was not restrictive, Cleveland's Hammack said now was the time to act, and Chicago's Goolsbee said inflation is not under control. The US 10 year yield rose 2.1bp to 4.67% and the US 30 year added 2.2bp to 5.19%. The USD Index was little changed at 99.12 and the AUD climbed 0.36% to 71.97 US cents. Bitcoin rose 1.69% to $80,082.Marcus Today – Daily Market Insights Marcus 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-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – 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-podcast Principles – 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.