Pre-Market Report – Wednesday 29 October: US markets hit new records, SPI up 11 | CPI today
Description
US stocks finished higher overnight. The Nasdaq rose 0.8% and the SP500 0.2%. US stocks remain in record highs on average volume of 20bn shares. Employment figures released were encouraging, and NVDA made a big 5% move up after announcing a deal to build seven AI supercomputers for the US energy department. CEO Huang also said they had US$500bn in bookings for its AI chips – and that’s even without access to the Chinese market. It's possible NVDA becomes the first public company to hit US$5 trillion in value.
SPI futures are up 11 points. ASX set to open higher. WOW quarterly and CPI
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