Morgans Financial Limited

Morgans AM: Monday 27 April 2020


Listen Later

US equity markets advanced after a choppy session to end the week - Dow up +260-points or +1.11% Boeing Co fell -6.4% following a report in The Wall Street Journal that said that the Max jet return is expected to be delayed until late summer or early fall. The broader S&P500 gained +1.39%, with Information Technology (up +2.11%) leading all eleven primary sectors higher. Gilead Sciences rebounded +% after Reuters reported that a U.S. government-led trial of remdesivir was running ahead of schedule. The report said those results could be ready by mid-May, with preliminary numbers possibly out earlier. NASDAQ +1.65%. Facebook Inc gained +2.7% after the social-media platform said it is launching a new video chat feature that appears to be a rival to Zoom Video Communications Inc (down -6.1%) US:ZM and Microsoft Corp’s (up +1.8%) Teams service. The small-capitalisation Russell 2000 index gained +1.6%. Retailer J.C. Penney Co fell -11.3% after The Wall Street Journal reported that it was in advanced talks for bankruptcy financing. The U.S. House of Representatives overwhelmingly approved a US$484B coronavirus relief bill – the fourth passed to address the impact of the pandemic - funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented near US$3 trillion. The measure passed the Democratic-led House by a vote of 388-5, with one member voting present. House members were meeting for the first time in weeks because of the coronavirus pandemic. For the week, the Dow fell -1.93% S&P500 -1.32% Nasdaq -0.18%
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,724 Listeners

CommSec Market Update by CommSec

CommSec Market Update

16 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners

The Money Puzzle by The Australian

The Money Puzzle

45 Listeners

Your Wealth by NAB

Your Wealth

8 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

13 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

61 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

11 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,506 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

36 Listeners

The Front by The Australian

The Front

52 Listeners

Chanticleer by Australian Financial Review

Chanticleer

22 Listeners

The Fin by Australian Financial Review

The Fin

20 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

7 Listeners