Morgans AM

Morgans AM: Friday 17 April 2020


Listen Later

Technology stocks lifted US equity markets after another choppy session that included another grim weekly jobless claims report - Dow added +33-points or +0.14%, recovering from a slide of over >200-points earlier in the session. Boeing Co gained +% in the extended session (having ended the regular session down -8%) after the aerospace and defense company said it will resume next week all commercial-airplane production at its Puget Sound, Washington state-area facilities in "a phased approach", a move that will see ~27K employees return to work. The broader S&P500 gained +0.58% . Gilead Sciences Inc surged +16.4% in the extended session following a report on health care media site Stat that one of the company's drugs (Remdesivir) showed promising results in treating COVID-19 patients. This report is being cited as a key reason for an ~700-point jump in Dow futures after the markets’ close. The NASDAQ rallied +1.63%. Netflix Inc (up +2.91%) and Amazon.com Inc (+4.36) each rose more than >2.5% to record levels. Netflix was buoyed by a marked upgrade by analysts at Goldman Sachs. The latest gains left Netflix up +36% year to date and Amazon up +30.3%.
...more
View all episodesView all episodes
Download on the App Store

Morgans AMBy Morgans Financial Limited


More shows like Morgans AM

View all
NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners