Morgans Financial Limited

Morgans AM: Monday 17 February 2020


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US equity markets closed little changed heading into the holiday long weekend, with uncertainties surrounding the coronavirus epidemic and some downbeat economic data weighing on investor sentiment for much of the session  - Dow slipped -25-points or -0.09%, paring a decline of over >100-points earlier in the session.  The broader S&P500 edged +0.18% higher (to 3,380.16), with Real Estate (up +1.11%) and Utilities (+0.65%) leading eight of the eleven primary sectors higher. Energy (down -0.81%) was the worst performing primary sector. The technology-centric NASDAQ added +0.20% (to 9,731.18). Both the S&P500 and Nasdaq eked out fresh record closing highs. A CNBC report that the Trump administration could introduce a tax incentive for people earning less than
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