Pre-Market Report – Wednesday 19 November: US markets slip again, SPI down 15 | AGMs continue

US markets were down again overnight as the market sweats the Nvidia results due tomorrow after the US market close. The SP500 was down 0.8%, down four sessions in a row. The Nasdaq was off 1.2%. The VIX rose 7% to hit its highest level in a month at 24.  Technical analysts point out that the Nasdaq and SP500 are now below their 50-day moving averages for the first time since April.We also saw news around another big AI deal too. Microsoft and Nvidia are going to commit $10bn and $5bn respectively to Anthropic in its next funding around. It will use the money to use Microsoft’s Azure cloud services. Nvidia dropped 2.8%. Amazon was the worst of the big tech names, -4.4%. Apple was flat. News recently suggests they are now actively planning in order to replace CEO Tim Cook as he contemplates stepping down next year.   SPI futures are down 15 points. ASX set to open lower.Want to invest with Marcus Today? Our MT20 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.