Pre-Market Report – Friday 8 November: Fed cuts 25bps | S&P 500 and Nasdaq hit records

The S&P 500 gained 0.74% to close at a record high of 5,973.10. The Nasdaq Composite advanced 1.51% to reach 19,269.46 — its first close above 19,000. The Dow Jones Industrial Average was little changed, ticking down less than one point to 43,729.34. All three indexes hit intraday record highs during the session.Fed cuts rates 25bps. Very calm press conference. Powell will not resign if asked.ASX SPI up 100. Commodities bounce on USD falls and rate cut – ANZ cuts dividend.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.