Morgans AM

Morgans AM: Monday 16 December 2019


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US markets settled little changed after all three benchmark indices hit fresh record intra-day highs earlier in the session, with some of the initial euphoria around the phase one trade deal fading - Dow inched +3-points or +0.01% higher, paring an earlier 159-point/+0.6% rally. The broader S&P500 eked out a +0.01% gain and record closing high (3,168.80). The index had gained over +0.4% earlier in the session  NASDAQ rose +0.20% to a fresh record closing high of 8,734.88, having gained as much as 0.6% earlier in the session.  Apple Inc rose +1.4% to a record high. Walt Disney Co’s (down -0.34%) Disney+ streaming service, which made its debut on 12 November, has been downloaded 22M times to mobile devices, according to app-tracking firm Apptopia. Separately, Star Wars: The Rise of Skywalker launches in theatres on Friday (20 December).   For the week, the Dow gained +0.43%, S&P500 +0.73% and Nasdaq +0.91%. Through Friday’s close, the S&P 500 is up +26.4% for 2019. The Dow and Nasdaq are up +20.6% and +31.6%, respectively, this year.
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Morgans AMBy Morgans Financial Limited


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