Pre-Market Report – Monday 26 Feb: Results to dominate, M&A rumours too

Marcus Today Market Updates

• Dow up 62. NASDAQ -0.28%. S&P 500 +0.03%.
• Big Tech calmed down overnight on Friday but didn’t sell off particularly.
• Nvidia up 0.36% - hit a $2 trillion market cap. Now the fourth biggest company in the world. AMD -2.9%, Apple -1%. Super Micro Computer dropped 11.8% after pricing a convertible note.
• SPI Futures up 4.
• Oil price down 2%. The US has ramped up sanctions against Russia after Navalny's death
• Fedspeak in the US continues to push back on expectations of early rate cuts. "Later this year" is about as specific as they got overnight.
• Bond yields dropped a bit overnight – a positive.
• Iron ore price up 0.2%. BHP down 0.1% and RIO up 0.5% in the US.

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