Morning Wrap: ASX 200 to fall, S&P 500 retreats + Gold and uranium stocks climb

ASX 200 futures are trading 68 points lower, down 0.83% as of 8:30 am AEST.

The stock market took a breather last Friday as rate-cut euphoria faded, FedEx reported earnings well-below market expectations – flashing a warning on the economy, uranium stocks rally after Microsoft announces an agreement to restart a 835MW nuclear facility in Pennsylvania and gold tops US$2,600 for the first time on record.

Let’s dive in. Overnight Summary

Mon 23 Sep 24, 8:25am (AEST) Name Value % Chg Major Indices S&P 500 5,703 -0.19% Dow Jones 42,063 +0.09% NASDAQ Comp 17,948 -0.36% Russell 2000 2,228 -1.10% Country Indices Canada 23,867 +0.00% China 2,737 +0.03% Germany 18,720 -1.49% Hong Kong 18,259 +1.36% India 84,544 +1.63% Japan 37,724 +1.53% United Kingdom 8,230 -1.19% Name Value % Chg Commodities (USD) Gold 2,646.2 +1.21% Iron Ore 91.93 -0.11% Copper 4.343 -0.09% WTI Oil 71.0 -1.32% Currency AUD/USD 0.6806 -0.10% Cryptocurrency […]

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