Pre-Market Report – Wednesday 30 July: US markets ease ahead of Fed | MIN, ALX, PLS in focus

Wall Street recorded a negative session as disappointing earnings weighed on markets and investors awaited the Fed’s rate decision (tomorrow morning Australian time). Meta, Microsoft, Amazon and Apple all report later in the week and their results will largely dictate market direction. S&P 500 down 0.3%, Nasdaq down 0.38%. Dow fell steadily until noon, where it plateaued, despite a brief spike, closing near the low. Down 205 points. Mixed sector performance. Rate-sensitive sectors such as REITS, Utilities and Defensives all did well as yields fell following a strong seven-year note auction ahead of the Fed’s rate decision. Industrials was the worst performer, followed by Healthcare, with disappointing earnings within the sectors being the primary drivers of weakness. ASX to fall. SPI futures down 13 points (-0.15%). RIO this afternoon. MIN PLS ALX APX reports. 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.