Morgans AM

Morgans AM: Monday 16 September 2019


Listen Later

US equity markets were mixed last Friday but the benchmark indices logged their third consecutive week of gains - Dow up +37-points or +0.14%, marking the index's eighth straight advance. Trade bellwethers Caterpillar Inc and Boeing Co rose +1.5% and +1.1%, respectively. The broader S&P500 dipped -0.07%, with Materials (up+1.14%), Financials (0.84%) and Energy (+0.8%) the best performing sectors. Major banks Bank of America Corporation (up +1.69%), Citigroup Inc (+1.57%) and J.P.Morgan Chase and Co (+1.97%) all rose more than >1.5%. The NASDAQ eased -0.22%. Apple Inc fell -1.94%, with Goldman Sachs cutting their target price on the stock to US$165 from US$187 (but retaining their 'neutral' rating on the company) on concerns that Apple TV+ may act as a drag on earnings. The fall saw Apple's market capitalisation fall back below
...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