Pre-Market Report – Wednesday 1 July: US markets end quarter on high - SPI up 8 - S32 sells assets to Alcoa

US stock indexes closed higher on Tuesday, supported by strength in the technology sector and easing inflation risks. The S&P 500 gained 0.8%, while the Nasdaq 100 rose 1.7%, and the Dow Jones added 136 points to close at a record high of 52,319. Chipmakers extended their rebound as investors looked past recent concerns over stretched AI-related valuations, encouraged by strong guidance from semiconductor producers despite elevated hyperscaler spending. Nvidia gained 2.6%, AMD rose 7.7%, and Intel advanced 6%. Meanwhile, oil prices remained near pre-conflict levels, easing concerns that the Federal Reserve could be forced into a hiking cycle. The softer inflation backdrop also supported traditional sectors, helping the Dow outperform broader benchmarks in June. Considering Q2, the S&P rose more than 14% and the Nasdaq surged about 20%, their strongest quarterly performances since Q2 2020. The Dow gained more than 12%, its best quarterly performance since Q4 2022.SPI up 8 - Gold holds above $4000 - S32 sells aluminium assets to Alcoa for US$5.8bnMarcus Today – Daily Market Insights Marcus 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-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – 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-podcast Principles – 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.