Morgans AM

Morgans AM: Monday 20 January 2020


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US equity markets capped a strong week with another round of record highs, buoyed by some strong housing data - Dow up +-50-points or +0.17% (to 29,348.10). Boeing Co fell 2.36% after the company said that it is grappling with a new software headache before its 737 MAX can return to service, a problem industry and government officials said prevents the jet’s flight-control computers from powering up as required prior to flight. The broader S&P500 gained +0.39% (to 3,329.62) NASDAQ rose +0.34% (to 9,388.94). All three main indices touched fresh record intra-day and closing highs. For the week all three benchmark indices posted their largest percentage gains since 30 August last year, with the Dow gaining +1.82%, S&P500 +1.97% and Nasdaq +2.29%. US equity and bond markets are closed tonight AEST in observance of the Martin Luther King Jr. holiday.
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Morgans AMBy Morgans Financial Limited


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