Morgans AM

US equity markets logged modest declines, with the S&P 500 and Nasdaq snapping eight session winning streaks - Dow slipped -62-points or -0.15%, snapping a five session winning streak. Boeing Co shed -4.2% after the aerospace company said it would be grounding its four-plane test fleet of the 777x after finding cracks in the jet’s structure. Intel Corp lost -2.46%, unwinding much of the previo...

US equity markets advanced on Friday (16 August) to cap their best week of 2024 to date, with the S&P 500 and Nasdaq - Dow added +97-points or +0.24%, rising for a sixth time in seven sessions. The broader S&P500 rose +0.20%, with Financials (up +0.62%) leading eight of the eleven primary sectors higher. Ulta Beauty Inc rose +3.12% and extended gains after regulatory filing late last week...

US equity markets rallied following the release of a fresh batch of economic data that eased concerns about the health of the economy and some further robust corporate earnings releases - Dow gained +555-points or +1.39%, rising for the fifth time in six sessions. Cisco Systems Inc jumped +6.8% to be the leading performer in the 30-stock index after the software and networking company posted bette...

US equity markets advanced after the annual rate of headline consumer inflation fell below 3% for the first time since March 2021  - Dow gained +243-points or +0.61%, with American Express Co (up +2.0%) the leading performer in the 30-stock index. The broader S&P500 added +0.38%, extending gains into a fifth straight session that has lifted the index +4.83%. Financials (up +1.29%) led eight of...

US equity markets rallied strongly following tamer-than-expected wholesale inflation data, with the S&P 500 and Nasdaq booking their biggest four-day percentage gains of 2024 - Dow gained +409-points or +1.04%. Intel Corp jumped +5.73% to be the leading performer in the 30-stock index. A filing showed the company had divested its stake (~1.8M shares) in chip designer Arm Holdings Plc (+5.69%)....

A mixed and muted session for US equity markets as investors eye inflation and retail sales figures later in the week - Dow fell -141-points or -0.36%, with Boeing Co (down -2.25%) and Procter & Gamble Co (-2.19%) both down over >2%. The broader S&P500 settled flat . Real Estate (down -0.64%) and Communication Services (-0.62%) both fell over >0.6% to lead eight of the eleven primary...

US equity markets logged modest gains on Friday (9 August) and continued to mount a comeback that saw the S&P 500 and Nasdaq all but erase Monday’s (5 August) rout that saw both indices register their sharpest daily losses since 13 September 2022 - Dow edged +51-points or +0.13% higher, with American Express Co (up +1.85%), Apple Inc (+1.37%) and Salesforce Inc (+1.37%) all rising over >1%....

US equity markets rallied sharply amid a broad-based rally that saw the S&P 500 and Nasdaq record their strongest session since 30 November, 2022 after the latest weekly jobless claims figures soothed nerves in some quarters around the strength of the labour market - Dow gained +683-points or +1.76%, logging its strongest session since 16 July. The broader S&P500 rallied +2.3%. Information...

US equity markets retreated, relinquishing earlier session gains and capping the worst 5-day start to a month for the Dow and S&P 500 since January 2016 - Dow fell -234-points or -0.60%,. Intel Corp fell -4.24% following a fresh broker downgrade (with analysts at Mizuho Securities cutting their recommendation to ‘Neutral’ from ‘Outperform’ and writing of “a tough road ahead to regain leadershi...

US equity markets rebounded amid a broad-based recovery a day after the Dow and S&P 500 registered their sharpest daily losses since 13 September 2022 - Dow rose +294-points or +0.76%, clawing back some of the previous session’s -1,033.99-points or -2.6% tumble. The broader S&P500 +1.04%, with Real Estate (up +2.3%) leading all eleven primary sectors higher.  Palantir Technologies Inc jump...

US equity markets extended their steep declines to cap their worst three-day performance since 2022, with the Dow and S&P 500 registering their sharpest daily losses since 13 September 2022 - Dow tumbled -1,033.99-points or -2.6% to 38,703.27, with all 30 components settling in the red. Intel Corp (down -6.38%) was the worst Dow performer overnight. Apple Inc (down -4.82%) continued to slide a...

US equity markets tumbled for a second straight session after a weak jobs report further stocked fears of a recession – Dow fell -611-points or -1.51%. Intel Corp tumbled -26.06% after the chipmaker announced a wider-than-expected quarterly loss after the close of last Thursday’s (1 August) session and said it would lay off 15% of its staff as part of a massive cost-cutting effort. Amazon.com Inc...

US equity markets logged sharp declines amid a fresh sell off for the technology sector and following the release of some weak economic data - Dow fell -495-points or -1.21%, paring an earlier decline of ~744 points. The broader S&P500 dropped -1.37%, with Information Technology falling -3.36% and handing back much of the previous session’s +3.95% rally. Energy (down -2.56%) and Consumer Discr...

US equity markets retreated, with chip stocks under particular pressure ahead of earnings from a number of large capitalisation technology companies - Dow gained +203-points or +0.50%, with Travelers Companies Inc (up +3.03%), and investment banks Goldman Sachs Group Inc (+2.63%) and JPMorgan Chase & Co (+2.06%) leading the 30-stock index’s advance.

US equity markets settled little changed ahead of a defining week that sees 171 S&P 500 companies post second quarter results (including ten (10) Dow components and four (4) of the so-called ‘Magnificent Seven’ of large capitalisation technology stocks) along with key global central bank meetings and the latest Non Farm payrolls report - Dow slipped -49-points or -0.12%, with Caterpillar Inc (...

US equity markets soared on Friday (26 July) to cap a turbulent week, with the S&P 500 and Nasdaq snapping three session losing streaks as the technology sector recovered, corporate earnings news provided a big boost to several companies and inflation data reinforced expectations that the Federal Reserve will cut interest rates soon - Dow rallied +654-points or +1.64%, American Express Co (up...

The S&P 500 and Nasdaq Composite retreated for a third straight session amid a fresh rotation out of large cap technology into small capitalisation and value stocks - Dow added +81-points or +0.20% but settled well off its session highs. International Business Machines (IBM) Corp climbed +4.33% and was the leading performer in the 30-stock index. Boeing Co (up +2.38%), Caterpillar Inc (+2.46%)...

US equity markets settled with modest declines as investors digested a busy corporate earnings calendar and eyed second quarter results from the first of the so-called “Magnificent Seven” of large capitalisation technology stocks after the closing bell - Dow slipped -57-points or -0.14%. Walt Disney Co (down -.39%) was the worst performer in the 30-stock index, while McDonald’s Corp (-2.12%), Nike...

Technology stocks led a rebound on US equity markets following steep losses last week - Dow added +128-points or +0.32%, with Nike Inc (up +2.97%) and Salesforce Inc (+2.6%) both gaining over >2.5% to be the leading performers in the 30-stock index. The broader S&P500 gained +1.08%, logging its best session since 5 June as more than >77% of index constituents advanced. Information Techno...

US equity markets retreated on Friday (19 July) as technology stocks came under fresh pressure and investors digested the impact of a global technology outage - Dow dropped -377-points or -0.93%, extending its decline over the past two sessions to over >900 points or ~2.2%. Intel Corp shed -5.42% to be the worst performer in the 30-stock index on Friday (19 July). The broader S&P500 fell -0...

US equity markets retreated amid fresh weakness for a number of large capitalisation technology companies and as the rally among small capitalisation stocks stalled - Dow dropped -533-points or -1.29%, having logged consecutive record closing highs. Investment banks Goldman Sachs Group Inc and JPMorgan Chase & Co both fell -3.18% to be the worst performers in the 30-stock index overnight. Amaz...

US equity markets rallied as the rotation into value stocks, which have underperformed their growth peers and the broader S&P 500, gained momentum amid building expectations of interest rate cuts - Dow rallied +743-points or +1.85% to a fresh record closing high of 40,954.48, booking its largest one-day percentage gain since June 2023, and largest daily point gain since November 2022, accordin...

US equity markets opened the new week on a positive footing- Dow gained +211-points or +0.53% to record closing high of 40,211.72  - the first record close for the 30-stock index since 17 May and 20th this year. American Express Co (up +2.25%), Caterpillar Inc (+3.03%) and JPMorgan Chase & Co (+2.49%) all climbed over >2%. The broader S&P500 added +0.28% to 5,631.22, touching a fresh re...

US equity markets advanced on Friday (12 July), rebounding from the previous session’s sell-off albeit finished off their best levels of the session that saw all three benchmark indices more than >1% higher - Dow rallied +247-points or +0.62% to 40,000.90, touching a fresh record all time intra-day high of 40,257.24. International Business Machines (IBM) Corp (up +2.53%) and Intel Corp (+2.96%)...

The S&P 500 and Nasdaq snapped a seven-session winning streak and logged their worst single session declines since 30 April as investors digested the latest inflation figures that triggered a rotation out of large capitalisation technology stocks - Dow edged +32-points or +0.08% higher, with Home Depot (up +2.79%) the leading performer n the 30-stock index. However, Intel Corp slumped -3.93%,...