Morgans Financial Limited

Morgans AM: Friday 11 September 2020


Listen Later

US equity markets retreated after a volatile session, with fresh selling in the technology sector - Dow dropped -406-points or -1.45%. The broader S&P500 shed -1.76% Citigroup Inc after the bank said Chief Executive Officer (CEO) Michael Corbat announced plans to retire after about eight years in the role and 37 years at the bank. He will retire and step down from the board of directors in February 2021. The bank said Jane Fraser, currently the CEO of global consumer banking, will succeed Mr. Corbat as CEO in February. The technology-centric NASDAQ -1.99%. Facebook Inc (down -2.06%), Amazon.com Inc (-2.86%), Apple Inc (-3.26%), Netflix Inc (-3.9%), Alphabet Inc (-1.6%), and Microsoft Corp (-2.8%) all closed sharply lower All three benchmark indices have fallen for four of the past five days with the Nasdaq Composite now down -7.27% so far for September. Tesla Inc settled +1.4% higher, unwinding an earlier rally of over >8%.
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,724 Listeners

CommSec Market Update by CommSec

CommSec Market Update

16 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners

The Money Puzzle by The Australian

The Money Puzzle

45 Listeners

Your Wealth by NAB

Your Wealth

8 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

13 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

61 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

11 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,506 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

36 Listeners

The Front by The Australian

The Front

52 Listeners

Chanticleer by Australian Financial Review

Chanticleer

22 Listeners

The Fin by Australian Financial Review

The Fin

20 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

7 Listeners