Pre-Market Report – Tuesday 19 August: US markets unchanged | BHP, CSL, RWC, MND results

Wall Street recorded a rather flat session as markets await the Jackson Hole summit and retailers’ earnings. S&P 500 flat, Nasdaq flat. Dow was choppy in early trading and fell from about 1pm onwards but recovered some strength before the close. Closed mid-range, down 34 points. Mixed sector performance. Cyclicals best performer, 1.4% rise in Tesla a primary driver as the car company promised the launch of its Model Y L in China "soon". Industrials and Financials also did well. REITs struggled at the opposite end, while Materials and Energy also recorded losses.In corporate news, Intel dropped 3.7% after reports surfaced that the Trump administration is considering a 10% stake in the chipmaker. Dayforce rocketed 26% on speculation of a takeover by private equity firm Thoma Bravo. Solar names gained, with SunRun up 11.4% and First Solar up 9.7%, after the US Treasury released looser-than-expected subsidy rules for renewable projects.Resources down, stronger dollar a headwind. Oil up as investors focus on Trump and Zelensky met. Copper, aluminium and zinc are all down.ASX to fall. SPI futures down 23 points (-0.26%). BHP CSL MND RWC results out. Busy Day.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.