Morgans AM

US equity markets advanced after a delayed, tame inflation report reinforced expectations that the Federal Reserve will cut interest rates at its final meeting of the year this week - Dow added +104-points or +0.22%, with Salesforce Inc (up +5.3%) the clear outperformer in the 30-stock index on Friday (5 December). Goldman Sachs Group Inc +2% Amgen Inc fell -3.02%


The Dow Jones Transportation Average (up +0.69%), an index that tracks the stocks of companies that move goods and people around the country, rose for a tenth consecutive day on Friday (6 December).

US equity markets retreated to open the final trading month of the calendar year, with technology and cryptocurrency-related stocks under particular pressure - Dow fell -427-points or -0.90%. Merck & Co Inc (-2.81%) was the worst performer in the 30-stock index, while Amgen Inc (-2.31%) and McDonald’s Corp (2.06%) both fell over >2%.

US equity markets advanced in an abbreviated trading session on Friday (28 November) to cap a strong, holiday-shortened trading week - Dow rose +289-points or +0.61% with Amazon.com Inc, International Business Machines (IBM) Corp and JPMorgan Chase & Co all rising +1.77%.


The broader S&P500 gained +0.54%. Energy (up +1.32%) led ten of the eleven primary sectors higher. Health Care (down -0.49%) was the only primary sector to settle in the red. Intel Corp jumped +10.19% after an analyst suggested that the company could become a foundry supplier for Apple Inc (+0.47%) processors, adding fuel to rumours earlier in the year about a possible deal with the iPhone maker. Broadcom Inc (+1.36%), General Motors (+0.98%), Hilton Worldwide Holdings Inc (-0.26%) and Walmart Inc (+1.29%)  were among 12 S&P500 components to hit fresh record intra-day highs on Friday (28 November).


The Nasdaq rallied +0.65%, booking a fifth straight day of gains

US equity markets advanced after New York Federal Reserve President John Williams suggested the central bank could cut interest rates yet again this year  - Dow rallied +493-points or +1.08%. Home Depot Inc (up +3.29%) was the leading performer in the 30-stock index.  Nvidia Corp lost -0.97% after Bloomberg News reported, citing sources, that the Trump administration was mulling the sale of H200 AI chips to China. The report said President Trump held talks internally about possible shipments in recent days, though it added that a decision had not been made.

US equity markets advanced, with the Dow and S&P500 snapping four session losing streaks ahead of the release of Dow component Nvidia Corp’s (up +2.85% in the regular session) third quarter result after the closing bell and tonight’s AEST delayed September jobs report - Dow edged +47-points or +0.10% higher.

Boeing Co (down -2.07%) and Salesforce Inc (-2.41%) both fell over >2%.
The broader S&P500 added +0.38%. Information Technology (+0.93%) and Communication Services (+0.72%) returned to the top of the primary sector leaderboard.

Energy (down -1.30%) sat at the foot of the primary sector leaderboard.

US equity markets retreated as concerns about valuations for artificial intelligence (AI) stocks continued to weigh on sentiment and with investors eyeing Nvidia Corp’s (-2.81%) third quarter result after the closing bell of tonight’ AEST session   - Dow rose -499-points or -1.07%, having been down almost -700-points at its worst levels of the session. E-commerce and cloud giant Amazon.com Inc lost -4.43%, while International Business Machines (IBM) Corp (-2.43%), Honeywell International (-2.36%) and UnitedHealth Group Inc (-2.17%) were among seven Dow components that fell over >2%.


The broader S&P500 extended declines into a fourth consecutive session, falling -0.83% and paring an earlier drop of as much as -1.5%. Consumer Discretionary (down -2.50%) and Information Technology (-1.68%) led five of the eleven primary sectors lower. Energy (up +0.61%) and Health Care (+0.54%) sat atop the primary sector leaderboard. The index now sits over >3% from its October peak.  James Hardie Industries Plc +6.83% after the building materials supplier released its fiscal second quarter result after the close of the previous session and said the performance of the recently acquired AZEK business has exceeded its expectations and it has topped a target for cost savings from the deal in the current fiscal year. Eli Lilly and Co rose +0.82% and hit a record intra-day high (US$1,040.72) dating back to 1952 when the pharmaceutical company offered its first public shares of stock.