Pre-Market Report – Tuesday 24 September: US markets push higher in quiet trade | RBA in focus

The S&P 500 climbed to a fresh closing high on Monday as traders looked to build on last week’s gains following the Federal Reserve’s interest rate cut.The broad market index added 0.28% to end at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15%, to close at 42,124.65. Both indexes closed at records. The Nasdaq Composite ticked up 0.14% to 17,974.27.ASX to ease a touch. SPI Futures down 9 points (-0.11%). COMMODITIESFTC set to greenlight Chevron's $53bn buy of oil rival Hess, sources say.Crude oil prices sink as Iran's new president says he is prepared to ease tensions with Israel.Oil settles lower on weak euro zone business activity.Aluminium steadies after touching 10-day low.Gold strikes record high as Fed rate cut maintains bullish mood.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.