Closing Bell 13th March: Liontown jumps. MQG rises above $200. ASX edges higher

S&P with another record high
On Tuesday, stock futures remained stable, with minimal fluctuations observed across major indices after a day of significant gains on Wall Street. The Dow Jones Industrial Average futures saw a slight decrease of 6 points, while both S&P 500 and Nasdaq 100 futures hovered close to the unchanged mark, following a bullish session that propelled the S&P 500 and Nasdaq Composite each to over 1% increases. This upward trend in equities persisted despite data indicating a slight uptick in February’s inflation rates, casting uncertainty on the Federal Reserve’s timeline for rate cuts. Despite rising bond yields, market optimism prevailed, with analysts suggesting that factors other than Federal Reserve policy would likely end the current economic expansion. Nvidia emerged as a standout, with a 7% increase in its stock price, significantly contributing to its 86% year-to-date surge. As earnings season nears its end, notable reports are expected from Dollar Tree and Lennar, setting the stage for further market movements.