Pre-Market Report – Monday 2 September: US markets push higher | SPI down 18

The S&P 500 ended the final session of the week higher with a late spike. The latest batch of data pointed to an ever-resilient US consumer, potentially slowing the pace of rate cuts. Dow +0.6%; S&P +1% Nasdaq +1.1%.The benchmark S&P 500 finished August with a 2.3% gain for the month. It’s now up 18.4% so far this year and is within 0.4% of the all-time high it set in July.ASX SPI Down 18BHP moves ahead with expansion of South Australia's Olympic Dam copper refinery.Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts.OPEC+ likely to proceed with planned output hike from October, sources say.Gold drops as dollar, yields firm after US inflation report.Copper steadies on China hopes, firm dollar weighs.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.