Morgans AM

Morgans AM: Monday 9 September 2019


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US equity markets ended a strong week with mixed results as investors pondered the latest non-farm payrolls reports and comments from Federal Reserve Chair Jerome Powell - Dow up +69-points or +0.26% (to 26,797.46). The broader S&P500 +0.09% (to 2,978.71), The NASDAQ dipped -0.17% (to 8,103.07). Symantec Corp rallied +4.47% following a report that private-equity firms are looking to keep what's left of the cybersecurity company once Broadcom Inc ( +0.31%) closes its acquisition of its enterprise business. Apple Inc (down -0.01%) will unveil their next generation of iPhones as part of their new product launch event on Tuesday (10 September) For the week, the Dow climbed +1.49% and stands 2.1% shy of its record closing peak of 27,359.16 established on 15 July. The S&P500 gained +1.79% to move within ~1.6% of its record closing high of 3,025.86 set on 26 July. The Nasdaq rose +1.76% and sits ~2.7% below its closing record high of 8,330.21 also set on 26 July.
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Morgans AMBy Morgans Financial Limited


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