Pre-Market Report – Monday 23 September: US markets mixed | SPI down 68

Wall Street finished mixed Friday, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and the Dow 1.62%. The session was marked by high trading volume due to "triple witching," with approximately $5.1 trillion in derivatives expiring. Fed commentary reflected divergent views. Waller suggested a willingness for another 50bps cut if economic conditions deteriorate, while Bowman maintained a hawkish stance and warned against premature policy shifts in light of persistent inflation pressures.ASX SPI down 68.COMMODITIESNippon Steel to sell $211m in assets to manage debt amid U.S. Steel deal.US to award $3bn to 25 projects for battery manufacturing sector.Gold breaks $2,600 barrier as Fed cut bets prolong historic run.Copper pulls back from two-month peak on firm dollar.Oil ends week higher as investors take stock of Fed rate cuts.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.