Pre-Market Report – Tuesday 22 April: US markets fall hard on low volume day | SPI closed

Wall Street saw red as Trump continued his attacks on Fed Chairman Powell. Markets feared for the central bank’s independence. S&P 500 down 2.36%, NASDAQ down 2.55%. Dow dropped and stayed near low throughout day. Rose a little before close. Down 972 points. All sectors down. Growth sectors fared worst as risk off sentiment reigned. Consumer Cyclicals and Tech both down. Telsa drove consumer cyclicals sell off. Down 5.7% ahead of earnings later today. NVIDIA was leader of Tech fall. Down 4.5%. Suffered again from US clampdown on China exports. Uber down 3.1% after FTC sues for misleading subscribers. Resources down. Oil down 2% after signs of progress in US-Iran talks. Waiting for Tesla - MQG sells asset management business. ASX SPI futures closed over Easter. Expected to fall given drop in US. 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.