Morgans AM

Morgans AM Monday 9 December 2019


Listen Later

US equity markets rose sharply to end the week, buoyed by a strong November employment report - Dow rallied +337-points or +1.22%, logging its best single session performance since 4 October. 3M Co was the leading index performer with a gain of +4.32% following a Bloomberg report that the consumer and industrial products conglomerate is exploring the sale of its drug delivery systems business, which could be worth ~US$1B. The broader S&P500 +0.91%, marking its largest one-day rise since 15 October and moving back to within 0.2% of its record high (3,153.63) struck on 27 November. Energy (up +2.0%, with Chevron Corp up +1.44% and Exxon Mobil Corp +1.61%) and Financials (+1.35%, with Bank of America Corp up +1.75% and J.P. Morgan Chase & Co +1.49%) led ten of the eleven primary sectors higher, with Utilities (down -0.22%) the only sector to close in the red. The NASDAQ rose +1.00%. Apple Inc (up 0.9%) and Google parent Alphabet Inc (+1.9%) both touched record highs. For the week, the S&P500 rose +0.16%, while both the Dow and Nasdaq lost -0.1%.
...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