Morgans Financial Limited

US equity and bond markets were CLOSED overnight. In US corporate earnings, global professional services company Accenture, used car retailer CarMax Inc, Darden Restaurants and supermarket group Kroger Co report quarterly results on Friday night AEST (20 June).

Morgans AM - Thursday, 19 June 2025 by Morgans Financial

US equity markets fell as the Israel-Iran conflict continued to dominate investor sentiment and drive volatility and a fresh spike in oil prices - Dow lost -299-points or -0.70%. Merck & Co Inc (down -3.31%) and Nike Inc (-3.07%) both fell over >3%. Amazon.com Inc (down -0.59%) said its Prime Day discount event for Prime members next month will extend to four days (8 July-11 July).

US equity markets rebounded amid reports that Iran is willing to negotiate over its nuclear program in an effort to contain the conflict with Israel - Dow rose +317-points or +0.75%, with American Express Co (+2.23%), Cisco Systems Inc (+2.22%), investment banks Goldman Sachs Group Inc (+2.33%) and JPMorgan Chase & Co (+2.04%), Nike Inc (+2.26%), and Salesforce Inc (+2.12%) Microsoft Corp +0.88% t...

US equity markets retreated on Friday (13 June) after Israel launched a wave of airstrikes on Iran and its nuclear facilities, pushing oil prices sharply higher - Dow dropped -770-points or -1.79% Sherwin-Williams Co -5.7% was the worst performer in the 30-stock index, with analysts at Citigroup cutting their recommendation on the stock to "neutral" from "buy," indicating that the persistence of h...

US equity markets advanced and remained on track to book a third straight weekly gain as investors awaited more signs of progress on trade negotiations and responded to fresh economic data - Dow added +102-points or +0.24% Boeing Co -4.79% after an Air India 787-8 Dreamliner jet crashed minutes after taking off in India's western city of Ahmedabad, killing more than 200 people.

US equity markets retreated, with the S&P 500 and Nasdaq handing back earlier gains and snapping a three-session winning streak as investors digested a tame inflation report and fresh Middle East tensions while awaiting further details on China-U.S. trade talks - Dow flat Goldman Sachs Group Inc (up +1.51%), International Business Machines (IBM) Corp (+1.91%) and UnitedHeath Group Inc (+2.23%) all...

US equity markets advanced for s third session as US officials signalled progress on US-China trade talks - Dow rose +105-points or +0.25% Nike Inc +3.17% was the leading performer in the 30-stock index, while Merck & Co Inc (+2.55%) and Walt Disney Co (+2.65%) gained over >2.5%. International Business Machines (IBM) Corp climbed +1.53% to a fresh record closing high of US$276.24 after the company...

US equity markets settled with modest gains, building on last week’s advance that saw the benchmark indices log weekly gains of over >1% as investors awaited news from trade talks taking place between the U.S. and China - Dow flat at 42,761.76. Apple Inc -1.21% as its annual Worldwide Developers Conference kicked off overnight, with the company announcing its first new iPhone operating system rede...

• US equity markets retreated following g a choppy session that saw the S&P 500 and Nasdaq snap three-session winning streaks as investors digested the latest developments on the trade front and an escalating spat between Elon Musk and President Trump, while eyeing key jobs data tonight AEST - Dow fell -108-points or -0.25%, with Apple Inc (down -1.05), Nvidia Corp (-1.36%), Procter & Gamble Co (-...

US equity markets mixed as investors awaited concrete developments on the trade front and digested softer-than-expected employment data - Dow eased -92-points or -0.22%, snapping a four-session streak. Chevron Corp (down -1.56%) and Verizon Communications Inc (-1.35%) dropped over >1%.

Chip stocks traded strongly for a third consecutive session to underpin fresh gains on US equity markets - Dow rose +214-points or +0.51%. Nvidia Corp rose +2.8% to US$141.22 to be the leading performer in the 30-stock index, reclaiming the title from Microsoft Corp (+0.22%) as the most valuable US company by market capitalisation (at US$3.45 trillion).

US equity markets opened the new month with modest gains, settling near their session highs as Wall Street shook off increasing trade tensions between the US and China - Dow inched +35-points or +0.08% higher Boeing Co +2.00% to US$211.47, buoyed by an upgrade to ‘Buy’ (and upgraded target price of US$260) from ‘Hold’ by analysts at Bank of America Securities, who observed that the company’s “airc...

US equity markets settled little changed following a volatile session to close out a volatile month as U.S. President Trump slammed China before sounding upbeat about reaching a trade deal - Dow added +54-points or +0.13% Nvidia Corp -2.92%

• US equity markets advanced and remain on track to log weekly and monthly gains, buoyed by a solid first quarter result from chip giant Nvidia Corp (up +3.25%) that saw its data centre business record . However, gains were capped as investors monitored judicial developments surrounding President Trump’s “reciprocal” tariffs - Dow rose +11-points or +0.28% Boeing Co +3.32% and hit a 52-week high a...

US equity markets retreated and settled near their session lows ahead of the highly anticipated first quarter result from ‘Magnificent Seven’ and Dow component Nvidia Corp after the closing bell - Dow fell -245-points or -0.58%

US equity markets settled sharply higher after resuming trading after the Memorial Day long weekend, with investors responding to President Trump’s decision over the weekend to delay the implementation of a 50% tariff on imports from the European Union (EU) to 9 July from 1 June - Dow rose +741-points or +1.78% to 42,344, snapping a four session losing streak. Nike Inc (up +4.68%) and Nvidia Corp...

US equity and bond markets were CLOSED overnight in observance of Memorial Day. However, S&P 500 and Nasdaq futures were over >1% higher after President Trump delayed the 50% tariffs which were set to be imposed on the European Union (EU) on 1 June.

• US equity markets fell on Friday (23 May) after President Trump reignited tariff concerns with a series of social media posts - Dow lost -256-points or -0.61%, with Salesforce Inc (down -3.63%) the worst performer in the 30-stock index. Apple Inc (down -3.02%) fell for an eighth straight session after President Trump posted on his Truth Social website that the technology giant will have to pay a...

• US equity markets steadied after steep losses in the previous session, - Dow flat, unwinding an earlier rally of as much a +-points. Nike Inc gained +2.23% and was the leading Dow component overnight after confirming that it will resume selling apparel and footwear on Amazon.com Inc’s (+0.98%) platform for the first time since 2019. Separately, Nike said it intends to increase the prices of cert...

US equity markets fell sharply, pushing the Dow and S&P 500 back into negative territory for the calendar year-to-date as longer dated Treasury yields jumped and as investors kept close tabs on a sweeping tax and spending bill that's moving through Congress and could dramatically increase the federal deficit - Dow dropped -817-points or -1.91% UnitedHealth Group Inc (down -5.78%) was the worst per...

US equity markets recent rally paused as Treasury yields ticked higher - Dow eased -114-points or -0.27%. Nvidia Corp fell -0.88% Chief Executive Officer (CEO) Jensen Huang said Monday (19 May) the company would be opening its artificial-intelligence server platform to rival chip makers but he also warned the U.S. government’s move to limit chip exports to China could hit revenue by $15B. UnitedHe...

US equity markets advanced, reversing earlier losses as investors digested Moody Ratings’ decision after the close of trading last Friday (16 May) to downgrade the U.S.’s credit rating to Aa1 from Aaa - Dow rose +137-points or +0.32%, recovering from an earlier decline of -317-points. UnitedHealth Group Inc (up +8.21%) was the leading Dow component for a second straight session, continuing to rebo...

US equity markets advanced on Friday (16 May) to cap a strong week and despite news Moody Ratings had downgraded the US’s highest investment grade position - Dow rose +332-points or +0.78% to 42,654.74, moving into positive territory for 2025. UnitedHealth Group Inc rebounded +6.40%, clawing back some of the heavy losses posted in the prior session amid reports that the insurer's Medicare Advantag...

US equity markets advanced - Dow rose +272-points or +0.65%. Cisco Systems Inc rallied +4.85% and was the leading performer in the 30-stock index overnight after the networking company reported earnings per share (EPS) and revenue that topped consensus analysts’ forecasts for the fiscal third quarter after the close of the previous session. UnitedHealth Group dropped -10.93% following a report fro...