What Matters Today in Markets - Wednesday 7th October - Dow up +253pts, SPI down -1pt

Positive market played out in US trade last night.

Dow Jones up 253 points, half a percent higher.

S&P was up 0.6. NASDAQ was up about half a percent, but the broader Russell 2000 was down 0.6%.

It's being underpinned by continued rallies in some of these large cap tech stocks.

So we've got six of the seven mag seven add on near all time highs.

And if you think about the S&P 500 testing your time highs, it made a new one overnight.

It is being driven by a very small cohort of stocks.

So only about 1% of S&P 500 companies are hitting that milestone.

Half the index is actually in a bear market, which is 20% below their recent highs.

We've got 80% of S&P 500 stocks, about 10% below their highs.

So it is really just a very narrow cohort of large cap index stocks.

heavy stocks that are making you all time highs underpinned by this big AI capex build out and the associated earnings being driven by that theme.

Positive market played out in US trade last night.

Dow Jones up 253 points, half a percent higher.

S&P was up 0.6. NASDAQ was up about half a percent, but the broader Russell 2000 was down 0.6%.

It's being underpinned by continued rallies in some of these large cap tech stocks.

So we've got six of the seven mag seven add on near all time highs.

And if you think about the S&P 500 testing your time highs, it made a new one overnight.

It is being driven by a very small cohort of stocks.

So only about 1% of S&P 500 companies are hitting that milestone.

Half the index is actually in a bear market, which is 20% below their recent highs.

We've got 80% of S&P 500 stocks, about 10% below their highs.

So it is really just a very narrow cohort of large cap index stocks.

heavy stocks that are making you all time highs underpinned by this big AI capex build out and the associated earnings being driven by that theme.