Pre-Market Report – Thursday 21 August: US markets flat, tech sells off | Super Thursday

Wall Street recorded a negative session as Tech once again acted as a drag to the broader market, as investors rotated into other sectors ahead of the Jackson Hole summit which begins today in the US. S&P 500 down 0.24%, Nasdaq fell 0.67%. Dow recorded a choppy session, closing near the open. Closed mid-range, up 16 points. Primarily strong sector performance with the Growth sectors of Cyclicals and Tech the only two holding the indices back. Apple and Tesla, down 2.0% and 1.6%, led the losses. Energy followed oil up, Staples added to yesterday’s gains and Healthcare climbed upward too.Resources up. Oil rose US crude inventories dropped by more than expected with a decrease of 6m barrels. Copper, aluminium and zinc all down.ASX to rise. SPI futures up 20 points (+0.23%). Super Thursday Results - BXB GMG SUL Want to invest with Marcus Today? The Managed Strategy 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.