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US equity markets weaker, with the Nasdaq recording its biggest one-day drop in more than four months as investors reacted to second quarter results - Dow rose +164-points or +0.47%, recording its first 9-day rally since 2017.

US equity markets settled modestly firmer as investors continued to digest second quarter results, including some heavyweight names after the closing bell - Dow up +109-points or +0.31% to 35,061.21, extending its rally into a eighth consecutive session (its longest winning streak in 4-years) and marking the first time that the 30-stock index has settled above 35,000 since 20 April, 2020. The broa...

People who hoped for a US soft landing should be careful what they wish for. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On Twitter: twitter.com/MorgansAU

US equity markets continued to climb, with all three benchmark indices settling at 15-month highs following some upbeat earnings releases from major banks

Morgans analysts preview the results for 145 stocks under coverage that report in August and call out likely surprise and disappoint candidates. Download the Morgans Reporting Season Playbook here: https://www.morgans.com.au/Blog/2023/July/Australia-Strategy-Reporting-Season-Playbook Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/B...

The S&P 500 and Nasdaq Composite closed at 15-month highs, while the Dow Jones Industrial Average notched a sixth straight session of gains as investors shrugged off the latest round of soft China economic data and braced for a wave of second quarter results later this week - Dow added +76-points or +0.22% to 34,585.35, marking the highest close since 30 November, 2022.

A mixed session on Friday (14 July) to close out a strong week for US equity markets as investors digested second quarter results from some of America’s largest financial institutions - Dow rose +114-points or +0.33%, The broader S&P500 slipped -0.10%, snapping a four session winning streak. The index settled above the >4,500 level for the first time since 5 April, 2022 last Thursday (13 Ju...

US equity markets climbed for a fourth consecutive session as wholesale inflation cooled further, and ahead of the release of second quarter results from some of the US’ biggest banks tonight AEST - Dow added +47-points or +0.10%. Walt Disney Co added +0.35% after the company’s board extended Chief Executive Bob Iger’s contract for two more years, through December 2026. The broader S&P500 +0.8...

Morgans Chief Economist Michael Knox gives us a debrief from the Economics Society of Australia's business lunch; where the RBA governor Philip Lowe announced changes following the RBA review, which creates "A Federal Reserve With Australian Characteristics.” Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.face...

Morgans Co-head of Research Alex Mees gives us a sector update on Discretionary Retail stocks in our universe. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On Twitter: twitter.com/MorgansAU

US equity markets extended their rebound into a third consecutive session as investors digested a cooler-than-expected inflation report - Dow added +86-points or +0.25%. The broader S&P500 climbed +0.74% to 4,472.16, recording its highest settlement since 8 April, 2022. Domino's Pizza Inc jumped +11.09% after the pizza chain said it entered into a new global agreement with Uber Technologies In...

US equity markets logged back-to-back session gains following a late rally ahead of key inflation figures tonight AEST - Dow rallied +317-points or +0.93%, marking its biggest daily percentage gain since 15 June. Salesforce.com Inc logged its biggest one day advance in four months (up +3.93%) after the client relationship software management group announced it was raising prices for some of its pr...

Morgans AM: Tuesday, 11 July 2023 by Morgans Financial

Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this month. The S&P 500 lost -0.29%, the Nasdaq dipped -0.13% while the Dow dropped 187 points, or -0.55%. Energy went from worst to best sector gaining +2.06%, while materials gained +0.88%. Consumer staples fell -1.34% and health care...

U.S. stocks ended off session lows but suffered broad losses Thursday after data showed the private sector created nearly half a million new jobs in June, sending Treasury yields higher as investors recalibrated interest-rate expectations.

Our model, based on the International Energy Agency's (IEA) estimates, suggests an oil price of $US113 per barrel in Q2 2024. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On Twitter: twitter.com/MorgansAU

Morgans AM: Thursday, 6 July 2023 by Morgans Financial

European bourses closed mixed on Tuesday, with investors in a cautious mood ahead of data releases and the start of second-quarter earnings season. The pan-European Stoxx 600 ended +0.32 points of 0.07% higher after a day of muted trade. Health-care and tech stocks led gains, up 0.5%, as banking stocks dropped 0.6%. Germany's DAX was down +0.42% and France's CAC was down 0.17%.

Morgans AM: Tuesday, 4 July 2023 by Morgans Financial

US equity markets rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1983 US equity markets – The Dow up +285.18 points or +0.84% . The broader S&P500 edged 53.94 points or +1.23%. The Nasdaq +1.45% to finish at 13,787.92. The small capitalisation Russell 2000 was up 0.38%.

US equity markets rose overnight, led by the major banks after passing the Federal Reserve’s annual stress test - Dow rose +269.76-points or +0.80%.

US equity markets were little changed, after Federal Reserve Chairman Jerome Powell said he won’t rule out back-to-back rate increases, in a meeting with other global central bankers - Dow shed -72-points or -0.2%. The broader S&P500 edged -0.04% lower. Energy (+1.02%) and Communications Services (0.80%) leading four of eleven sectors in the green. Apple shares added +0.6% to record highs, edg...

US equity markets rose on Tuesday, as technology shares climbed, and housing data pointed to continued resilience in the US economy. Dow up +211 points or +0.6%. Walgreens shed -9.3% after slashing its full-year profit guidance and reporting weaker-than-expected earnings. The broader S&P500 edged +1.1%, posting its best daily percentage gain since June 15. Information technology (+2%) and Cons...

US equity markets closed lower overnight, as investors enter the final trading week of the first half of the year. The Dow dipped -12.72 points or -0.04%. The broader S&P500 lost -0.45%. Gains in Energy (+1.71%) and Real Estate (+2.21) were outweighed by declines in Communication Services (-1.88%) and Technology (-1.25%). Cruise operator Carnival led the way lower, dropping -7.7% after reporti...

US equity markets slid on Friday to end the week on the red. Dow fell -219.28 points or -0.65% . The broader S&P500 slid -0.77%. The Nasdaq closed down -1.01%. The small capitalisation Russell 2000 ended -1.44% lower. The pullback was broad-based with all 11 sectors of the S&P500 closing in the red. Chip stocks underperformed after surging this year on investor enthusiasm over artificial i...