Morgans Financial Limited

US equity markets advanced amid some positive news and headlines in the trade front, while investors continued to wade through the latest quarterly earnings releases - Dow rallied +508-points or +1.14% to 45.010.29, falling just shy of recording its first record closing high since December. All of Boeing Co (up +2.36%), Caterpillar Inc (+2.49%), Chevron Corp (+2.05%), Goldman Sachs Group Inc (+2.4...

US equity markets mixed as investors waded through the latest round of corporate earnings releases and eyed results from the first of the ‘Magnificent Seven’ cohort of mega-capitalisation stocks after the closing bell of tonight’s AEST session - Dow rose +179-points or +0.40%. Amgen Inc (up +3.32%) and Merck & Co Inc (+2.90%) were the leading performers in the 30-stock index. Nvidia Corp (down -2....

US equity markets advanced to kick off a busy week of second quarter earnings, with the S&P 500 and Nasdaq hitting fresh record closing highs - Dow dipped -19-points or -0.04%, with American Express Co (down -1.62%) and Travelers Companies Inc (-1.03%) both falling over >1%.

US equity markets retreated on Friday (July) amid reports President Trump had pushed for greater tariffs on the European Union (EU) - Dow fell -142-points or -0.32%, with Merck & Co (down -1.91%) and UnitedHealth Group Inc (-1.8%) both down ~1.9%.

The S&P 500 and Nasdaq scaled fresh record highs following better-than-expected retail sales data and another busy corporate earnings calendar - Dow rose +230-points or +0.52%, with Coca-Cola Co (up +1.91%) and Walt Disney Co (+1.99%) rising over >1.9%. Caterpillar Inc (+1.26%), Microsoft Corp (+1.20%) and Nvidia Corp (+0.95%) all hit record all-time highs

US equity markets advanced after a choppy session as investors digested a fresh round of second quarter earnings releases and reports that President Trump was giving serious thought to dismissing Federal Reserve Chair Jerome Powell - Dow rose +231-points or +0.53%, recovering from an earlier slide of as much as -264-points. Amgen Inc (up +2.23%) and Caterpillar Inc (+2.04%) rose over >2%.

• US equity markets weaker as investors digested the latest inflation figures and a mixed bag of second quarter results from some major banks - Dow dropped -436-points or -0.98% to 44,023.29, with American Express Co (down -3.20%) and UnitedHealth Group Inc (-2.95%) both down ~3%. Nvidia Corp rallied +4.04% to a record closing high of US$170.70 and was the leading Dow component following news that...

On 7 July the AFR published a list of 37 Economists who had answered a poll on when the RBA would next cut rates. 32 of them thought that the RBA would cut on 8 July. Only 5 of them did not believe the RBA would cut on 8 July. I was one of them. The RBA did not cut.

US equity markets logged modest gains as investors continued to monitor trade headlines ahead of key inflation data and the beginning of second quarter earnings season tonight AEST - Dow rose +88-points or +0.20% Boeing Co rose +1.62% after a preliminary report was released over the weekend regarding the cause of last month's Air India crash that killed more than 250 people on board and on the gro...

US equity markets retreated on Friday (11 July) as President Trump’s threats of new tariffs against a host of U.S. trade partners unnerved investors, with the S&P 500 and Nasdaq pulling back from record closing highs logged a day earlier - Dow fell -279-points or -0.63%, with Nike Inc (down -2.67%) and Visa Inc (-2.23%) falling over >2%.

US equity markets advanced, with the S&P 500 and Nasdaq hitting fresh record highs as investors continued to shrug off tariff-related concerns - Dow rose +192-points or +0.43%, with American Express Co (up +2.49%) the leading performer in the 30-stock index. Nvidia Corp rose +0.75% to settle with a closing market capitalisation above >US$4 trillion after breaching that level intra-session a day ea...

US equity markets advanced, with the technology-centric Nasdaq climbing to a fresh record high as tariff and trade headlines remained in focus and as investors parsed meeting minutes from the Federal Reserve’s June monetary policy meeting - Dow rose +218-points or +0.49% to 44,458.30, settling ~1% below its record closing high. Nvidia Corp rose +1.80% to US$162.88, pulling back from earlier highs...

US equity markets settled little changed after another choppy session dominated by trade and tariff headlines - Dow fell -166-points or -0.37%, with JPMorgan Chase & Co (down -3.15%) and Nike Inc (-3.41%) down over >3%. Amazon.com Inc fell -1.84% as the eCommerce giant’s four-day "Prime Day" sale event kicked off overnight. Nvidia Corp rose +1.11% and continues to close in on becoming the first co...

US equity markets fell sharply after resuming trading following the Independence Day holiday long weekend, with the S&P 500 and Nasdaq retreating from record all-time highs as investors digested a flurry of headlines related to tariffs and global trade - Dow dropped -422-points or -0.94%,with Sherwin-Williams Co (down -2.18%) the worst performer in the 30-stock index, while seven other components...

US equity and bond markets were CLOSED on Friday night AEST (4 July) for Independence Day. For the shortened trading week, the Dow rallied +2.30%. The S&P 500 climbed +1.72% and the Nasdaq +1.62%

US equity markets advanced in an abbreviated trading session ahead of the Independence Day holiday, with the S&P 500 and Nasdaq hitting fresh record closing highs for the fourth time in the last five days as investors a stronger-than-expected jobs report - Dow rose +334-points or +0.77% to 44,828.53, falling just short of logging its first record closing high since December. American Express Co (u...

US equity markets advanced ahead of key jobs data tonight AEST ahead of the 4 July holiday, with investors also continuing to the progress of the massive tax and spending bill that is now being debated in the House of Representatives (after narrowly being approved in the Senate a day earlier) while eying the 9 July deadline tariff deadline - Dow dipped -11-points or -0.02% Nike Inc (up +4.06%) was...

US equity markets mixed to open the new month and quarter, with the S&P 500 and Nasdaq pulling back from record highs as investors continued to monitor trade negotiations and the progress of President Trump’s "One Big Beautiful Bill" through Congress - Dow climbed +400-points or +0.91% Amgen Inc (+5.05%) and UnitedHealth Group Inc (+4.54%) rallied over >4%, while Merck & Co Inc (+3.35%), Nike Inc...

US equity markets advanced, pushing further into record territory to cap another strong month and impressive second quarter rebound - Dow rose +276-points or +0.63% to 44,094.77. Goldman Sachs Group Inc gained +2.45% to US$707.75 to be the leading component in the 30-stock index overnight and logging its third record closing high, with analysts at Citigroup noting the investment bank emerged as “t...

The benchmark S&P 500 index and Nasdaq indices hit record all-time highs on Friday (27 June) albeit US equity markets settled off their session highs (and briefly turned negative in afternoon trading) as investors digested a mixture of trade policy news - Dow rose +432-points or +1.00% to 43,819.27, still sitting ~2.7% below its record high. Nike Inc soared +15.19% to pace gains in both the Dow an...

US equity markets advanced and remained on track to book a second consecutive month of strong gains, with White House Press Secretary Karoline Leavitt playing down the July tariff deal deadlines that have been looming over markets - Dow climbed +404-points or +0.94% to 43,386.84, its highest close since 28 February but still -3.6% below its record closing high set on 4 December 2024 of 4,5014.04....

US equity markets settled narrowly mixed - Dow eased -107-points or -0.25%, with McDonald’s Corp (down -2.03%) the worst performer in the 30-stock index overnight. Nvidia Corp climbed +4.33% to a record closing high of US$154.31. It marked the chipmaker’s first record close since January, lifting Nvidia’s market capitalisation to US$3.77 trillion to reclaim the title as the world’s most valuable c...

US equity markets rallied and oil prices tumbled for a second consecutive session as investors welcomed news of a fragile cease-fire agreement between Iran and Israel - Dow rose +507-points or +1.19% to 43,089.02, with six of the index’s components logging gains of over >2%. American Express Co (up +2.92%), Salesforce Inc (+2.95%) and Nvidia Corp (+2.59%) gained over >2.5%. International Business...

US markets were stronger overnight, as investors shrugged off Iran’s missile attacks on two US military bases in Qatar and Iraq. The view being it is an indication of Iran’s inability or unwillingness to engage in a wider conflict. The Dow rose 0.89% to 42,581.78. Paint manufacturer Sherwin-Williams was the top performer of the 30-stock index, rising 3.1%.

US equity markets resumed trading following the Juneteenth National Independence Day holiday, with investors’ attention remaining keenly focussed on developments in the Middle East - Dow inched +35-points or +0.08% higher. Apple Inc rose +2.25% to be the leading performer in the 30-stock index and buck a weaker trend among the so-called ‘Magnificent Seven’, with reports emerging executives have he...