Morgans AM

Morgans AM: Monday 23 September 2019


Listen Later

US equity markets retreated as trade concerns continue to unsettle investors - Dow down -160-points or -0.59% The broader S&P500 -0.49%, NASDAQ -0.80%, with Apple Inc down -1.46% as the new iPhone 11 went on sale for the first time in stores. Netflix Inc fell for a third straight session (down -5.83%), with Chief Executive Officer (CEO) Reed Hastings warning investors at a conference last Friday (20 September) that “While we’ve been competing with many people in the last decade, it’s a whole new world starting in November . . . It’ll be tough competition.” Roku Inc tumbled -19.22% after a research analyst at Pivotal Research distributed a note pondering if the streaming-device maker was “broken.” Last Friday's (20 September) trading session marked "quadruple witching", the simultaneous expiry of stock-index futures, stock-index options, stock options and stock futures, which also stoked some volatility. For the week, the Dow lost -1.05%, S&P500 -0.51% and Nasdaq -0.72%.
...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