Pre-Market Report – Thursday 9 July: US markets recover from lows - SPI down 49 - Oil jumps on renewed conflict - Gold steady - Fed Minutes

US stock indices closed mixed on Wednesday as higher oil prices worsened the macroeconomic backdrop while chipmakers rebounded. The S&P 500 fell 0.3%, the Dow lost 577 points, while the Nasdaq 100 gained 0.3%. Treasury yields rose after President Trump said the ceasefire with Iran was "over" following renewed strikes, fueling concerns over energy-driven inflation. Those fears were reinforced by minutes from the Fed's June meeting, which showed some policymakers saw a case for further rate hikes if inflation remains elevated. Credit-sensitive sectors weakened, with JPMorgan losing 2.5% and Visa down 1.3%. Most AI hyperscalers lost amid concerns over heavy spending on data center infrastructure, with Alphabet (-1.4%), Amazon (-1%), and Microsoft (-1.4%) down. Chipmakers lifted the Nasdaq. Broadcom gained 4.8% after expanding its agreement with Apple (+0.9%) on US-made components, while Nvidia rose 3.6% on reports that Chinese firms plan to increase purchases of H200 chips.SPI down 49 - Gold steady - Resources to be pressured again.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.