Pre-Market Report – Tuesday 17 June: US markets recover | Uranium on a roll

Wall Street recovered from Friday losses and then some as Israel-Iran’s feud left crude production and exports unaffected while hopes of a truce between the countries increased. S&P 500 up 0.94%, NASDAQ up 1.5%. Dow finished middle of the range, up 317 points. Most sectors up. Tech, Cyclicals and Financials best performers as risk-on sentiment reignited and the outlook for the global economy improved. Meta led the gains from the major players, up 2.9%. Announced WhatsApp is getting ads and a collaboration with Oakley for new smart glasses. Amazon and Nvidia also strong, up 1.9%.ASX to rise. SPI futures up 11 points (+0.13%). Gold and oil fall - Uranium soars on physical buying.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.