Morgans AM

Morgans AM: Friday 27 September 2019


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US markets - The Dow closed down almost 80 points or 0.3%, the broader S&P500 was down 0.24%, while the NASDAQ was +0.58% lower. Stocks fell on Thursday as traders monitored the latest trade developments and assessed a whistleblower complaint against President Donald Trump that was released. The whistleblower said in the complaint that the president used his office to solicit interference from a foreign country ahead of the 2020 election. Stocks hit their session lows after Bloomberg News reported, citing a source, that the U.S. is unlikely to extend a temporary waiver that allows U.S. companies to sell supplies to Huawei, a Chinese telecommunications giant. The market turned slightly higher after China’s foreign Minister Wang Yi said the U.S. has shown good will by waiving tariffs and China is willing to buy more American products, Reuters reported.
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Morgans AMBy Morgans Financial Limited


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