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The S&P 500 and Nasdaq edged higher to fresh record closing peaks, extending gains that have been fuelled by the strong performance of technology stocks and hopes the Federal Reserve will cut interest rates soon - Dow eased -53-points or -0.13%, with Dow Inc (down -2.31%), Microsoft Corp (-1.44%) and Salesforce Inc (-1.77%) among the key index drags. Intel Corp (up +1.77%) booked a five-sessio...

Nike Inc (down -3.16%) was the worst performer in the 30-stock index, while Salesforce Inc (-2.21%) and Visa Inc (-1.46%) were also notable underperformers.

US equity markets rallied on Friday (5 July), lifting both the S&P 500 and Nasdaq to fresh record closing highs as the latest jobs data pointing to a cooling but not collapsing economy, and with the second quarter earnings season kicking off later in the week - Dow added +68-points or +0.17%, with both Apple Inc (up +2.16% to US$226.34) and Microsoft Corp (+1.47% to US$467.56) climbing to fres...

Morgans AM: Friday 5 July, 2024 by Morgans Financial

US equity markets advanced as Treasury yields retreated, lifting the S&P 500 and Nasdaq to back-to-back record closing highs in an abbreviated trading session ahead of the Independence Day holiday - Dow slipped -24-points or -0.06%, with healthcare stocks trailing the broader market. UnitedHealth Group Inc fell -1.68%, while Merck & Co Inc lost -1.46% and Amgen Inc -0.45%. Salesforce Inc (...

US equity markets rallied, with the S&P 500 and Nasdaq closing above the 5,500 and 18,000 milestones respectively for the first time ever - Dow rose +162-points or +0.41%. The broader S&P500 gained +0.62% to 5,509.01, logging its 32nd record close of 2024. Consumer Discretionary (up +1.81%) and Financials (+1.10%) rose over >1% and led ten of the eleven primary sectors higher. However,...

US equity markets advanced to kick off the second half of 2024, with the Nasdaq climbing to a fresh record high - Dow edged +51-points or +0.13% higher, with Merck & Co Inc (up +3.31%) the leading performer in the 30-stock index. Boeing Co rose +2.58% after announcing a long-awaited deal to reacquire parts supplier Spirit AeroSystems Holdings Inc (+3.35%). UnitedHealth Group Inc (down 2.87%) a...

US equity markets relinquished early gains that saw both the S&P 500 and Nasdaq touch fresh record intra-day highs to close out the month, quarter and half with a whimper on Friday (28 June) - Dow slipped -45-points or -0.12%. Nike Inc tumbled -19.98% recording its largest single session percentage decline on record after reporting a disappointing fourth quarter result and cutting full year gu...

US equity markets ended relatively unchanged as investors await fresh inflation data and what comes of the presidential debate scheduled for today- Dow rose +36 points or +0.09% to 39,164. Walgreens Boots Alliance slumped -22.16% after cutting its 2024 profit forecast and announcing plans to close more underperforming US stores. Nike shares were down -6% in extended trading, reporting its slowest...

US equity markets closed with modest gains after a choppy trading session, with investors holding their cards close to their chest ahead of a presidential debate and an inflation report closely watched by Federal Reserve policy makers - Dow rose +16.10 points or +0.04%, to 39,128.26.

The S&P 500 and Nasdaq snapped three session losing streaks as Nvidia Corp (+6.76%) arrested a 3-day slide saw the chip giant enter official correction territory less than a week after hitting a record all time high - Dow dropped -299-points or -0.76%, snapping a five session winning streak and booking its worst single session decline since 30 May. Home Depot Inc fell -3.58% amid a broader sel...

US equity markets retreated as last week’s artificial intelligence (AI) and semiconductor sell-off continued amid some tentative signs of a change in market leadership - Dow rose +261-points or +0.67%, with Amgen Inc (up +3.24%), Chevron Corp (+2.60%) and Goldman Sachs Group Inc (+2.65%) all gaining over >2.5%. Apple Inc added +0.31% despite the iPhone maker being charged by the European Union...

US equity markets logged modest declines on Friday (21 June) as semiconductor stocks retreated for a second straight session - Dow inched +16-points or +0.04% higher, with Intel Corp (up +1.53%) and Nike Inc (+1.68%) rising over >1.5%. Boeing Co edged +0.15% higher amid reports it was nearing a deal to acquire supplier Spirit AeroSystems (+6%). Apple Inc dropped -1.04%, falling in the final min...

US equity markets mixed after resuming trading following the Juneteenth holiday, with semiconductor stocks weighing on the Nasdaq - Dow gained +300-points or +0.77%. Salesforce Inc (up +4.31%) and Chevron Corp (+2.2%) were the leading performers in the 30-stock index. Amazon.com Inc +1.8% as Anthropic, the OpenAI competitor it backs, unveiled a more advanced version of its Claude chatbot.

US equity and bond markets were CLOSED overnight AEST in observance of Juneteenth National Independence Day. In US economic data, the National Association of Home Builders (NAHB) Housing Market Index for June. A preliminary reading of Building Permits for May, the Philadelphia Fed Manufacturing Index for June, and the latest weekly jobless claims figures are released tonight AEST.

The S&P 500 and Nasdaq booked fresh record closing highs ahead of the Juneteenth public holiday. The Dow edged +57 points or +0.15% higher. Goldman Sachs Group Inc (up +1.61%), Verizon Communications Inc (+1.57%), Home Depot Inc (+1.25%) and JPMorgan Chase & Co (+1.04%) all rising over >1%. Boeing Co lost -1.91% as outgoing CEO David Calhoun called the company culture “less than perfect...

US equity markets rallied, buoyed by fresh gains for the technology sector - Dow rose +189-points or +0.49% to snap a four session losing streak, with Apple Inc (up +1.97%) the leading performer in the 30-stock index after scrapping its “buy now, pay later” service, which it launched in the US only last year. The tech giant says it is pivoting to a new instalment loans service offered through thir...

US equity markets settled mixed on Friday (14 June) to close out a big week of inflation updates and Federal Reserve interest rate forecasts, with the technology sector powering to fresh records - Dow fell for a fourth straight session, easing -58-points or -0.15%. Caterpillar Inc (down -1.50%) and Dow Inc (-1.86%) both fell 1.5%+ to be the worst performers in the 30-stock index on Friday (14 June...

US equity markets logged modest gains, with fresh gains for technology stocks lifting the S&P 500 and Nasdaq to their fourth consecutive record close - Dow eased -65-points or -0.17%, with Salesforce Inc (down -2.87%) and Amazon.com Inc (-1.64%) the worst performers in the 30-stock index. Boeing Co fell -1.08% said it has found improperly torqued fasteners on some of its undelivered 787 Dreaml...

The S&P 500 and Nasdaq posted record closing highs for a third straight session, buoyed by a softer-than-expected consumer inflation reading for May and signs that Federal Reserve officials could start to cut interest rates this year - Dow slipped -35-points or -0.09%. Apple Inc gained +2.86%, logging a record closing high (US$213.07) for a second straight session and settled US$12B shy of Mic...

The S&P 500 and Nasdaq shrugged off earlier session declines to log fresh record intra-day and closing highs ahead of a double feature of market-moving economic events tonight AEST – namely, inflation figures and the Federal Reserve’s latest monetary policy pronouncements - Dow eased -121-points or -0.31%, with American Express Co (down -3.4%) the worst performer in the 30-stock index. Boeing...

US equity markets ticked higher, with the S&P 500 and Nasdaq logging fresh record closing highs ahead of US inflation figures and the Federal Reserve’s latest monetary policy decision later in the week - Dow added +69-points or +0.18%. Walmart Inc gained +1.64%, buoyed by an upgrade from analysts at Bank of America, who cited the potential benefits from “a new wave of tech diffusion.” Apple In...

US equity markets settled little changed ahead of the release of the key non-farm payrolls figures tonight AEST - Dow added +79-points or +0.20%, with Amazon.com Inc (up +2.05%) and Salesforce Inc (+2.63%) rising over >2%. The broader S&P500 dipped -0.02%, with Utilities (1.03%), Industrials (-0.60%) and Information Technology (-0.47%) settling in the red. Consumer Discretionary (up +0.97%)...

US equity markets rallied, with the S&P 500 and Nasdaq hitting fresh record highs after several pieces of economic data pointed to a slowing U.S. economy, raising hopes for interest rate cuts later this year - Dow added +96-points or +0.25%. Intel Corp rose +2.50% after announcing after the close of the previous session that it would sell a 49% stake in Irish manufacturing venture Fab34 to Apo...

Stephen Young, Executive Director and Managing Director of Tasmea (ASX:TEA) recently spoke at the May 2024 Morgans Business Breakfast. TEA is a skilled services group consisting of eighteen wholly integrated subsidiaries. Tasmea provide essential maintenance, engineering, specialised project services and solutions across the following service streams: mining & resources, oil & gas, waste &...