Morgans Financial Limited

Morgans AM: Friday, 25 March 2022


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US equity markets advanced, settling near session highs as world leaders met to respond to Russia’s invasion of Ukraine and investors continued to monitor remarks by Federal Reserve officials - Dow up +349-points or +1.02% . The broader S&P500 +1.43%, with Information Technology (up +2.71%) leading all eleven primary sectors higher. Tesla Inc (up +1.48% to US$1,013.92) extended its rally into an eighth consecutive session to be up ~32% over that period and logging its highest close since 18 January. The technology-centric Nasdaq rallied +1.93%, with chipmakers among the leading performers. Nvidia Corp jumped +9.82%, Intel Corp +6.94%, and Advanced Micro Devices Inc +5.80%. The small capitalisation Russell 2000 gained +1.13%. Uber Technologies Inc rose +4.96% after The Wall Street Journal reported that the company has struck a deal to list all New York City taxis on its app.
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