Pre-Market Report – Thursday 6 November: US markets recover, SPI up 66 | AGM season continues

The Dow Jones Industrial Average gained 225.76 points, or 0.48%, to close at 47,311.00. The S&P 500 rose 0.37% to finish at 6,796.29, while the Nasdaq Composite advanced 0.65% to settle at 23,499.80. Investors were paying attention to the Supreme Court hearing Wednesday regarding President Donald Trump’s tariffs. Some encouraging data on the economy Wednesday with better-than-expected ADP payrolls data and a stronger-than-expected ISM services economy reading. However, the strong data did give a boost to yields, something that some investors may not like to see with expectations growing for a third Federal Reserve rate cut in December.COMMODITIESBeijing lifts some tariffs on US farm goods but soybeans stay costlyUnprecedented volume of oil stored on ships due to Western sanctions, Gunvor CEO saysGold gains on risk aversion despite strong US payrolls dataDalian iron ore extends falls on China demand concernsCopper rises after four days of falls, but China demand worries cap gainsSPI up 66 - NAB results and AGM season continues.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.