Pre-Market Report – Monday 8 December: US markets drift higher ahead of Fed | SPI down 13

Wall St ground higher Friday ‘Expectations for Fed rate cuts’ was the excuse for last week’s market rally and that same narrative supported a more modest rise in the three major indices this week. S&P 500 up 0.3% vs the ASX 200 up 0.2%. Nasdaq up 0.9% and the Dow up 239 points. S&P 500 up 0.2% overnight after PCE inflation and consumer spending prints from September both met expectations. Light volume. Nasdaq up 0.3%. Dow up 104 points. Risk-on Technology and Discretionary stocks leading the pack. Value, Utilities and Resources worst.SPI down 13 - NSR agreed bid.Want to invest with Marcus Today? Our MT20 portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.