Pre-Market Report – Friday 7 August: US markets pause on Iranian proposals - Oil up - SPI down 4 - NCK results - Atlassian soars 32% on results.

US stock indices closed lower on Thursday as a rebound in energy prices revived concerns that the Fed could raise interest rates next month. The S&P 500 fell 0.2%, the Nasdaq 100 lost 0.4%, and the Dow shed 464 points. Yields rose alongside wholesale fuel prices as investors reassessed the prospects for restoring shipping through Hormuz. Reports indicated that Iran plans to bar US and Israeli vessels from the waterway and require compensation from countries it considers hostile before allowing passage. Hawkish comments from FOMC members were reinforced by reports that Fed Chair Warsh is willing to raise rates if inflation rises further. Financial stocks weakened, with JPMorgan down 0.8% and Morgan Stanley losing 2.1%. Credit-sensitive hyperscalers were mostly lower, with Alphabet down 1.3%. Western Digital sank 13% after a disappointing guidance. Sandisk lost 6.8% as its results missed expectations. SpaceX rose 6.1% as $101 billion worth of shares exited their post-IPO lockup.SPI down 4 - Gold drifts - Oil up - NCK results - NFP in focus tonight - Atlassian jumps 32% on results.Marcus 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.