Morgans AM

Morgans AM

By Morgans Financial LimitedBusinessInvesting
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Morgans AM episodes

  • Monday, 18 August 2025: •US equity markets mixed to close out a strong week as Wall Street tempered its rate-cut hopes
    US equity markets mixed to close out a strong week as Wall Street tempered its rate-cut hopes following the latest inflation and retail sales data   - Dow added +35-points or +0.08% to 44,946.12, logging its first record intra-day high (45,203.52) since December in the opening minutes of last Friday’s (15 August) session. UnitedHealth Group Inc jumped +11.98% after filings released after the close of the previous session with the Securities and Exchange Commission (SEC) recorded that Berkshire Hathaway Inc took a new positions in the health insurer.   Cisco Systems Inc (down -4.47%) was the worst performing Dow component, with HSBC downgrading the networking giant to a ‘hold’ recommendation from ‘buy’ following the company’s fiscal fourth quarter result a day earlier.
    8 min
  • Friday, 15 August 2025: Tariff concerns ease and little change in US markets
    US equity markets settled little changed, paring earlier declines that came following wholesale inflation data that revived some concerns about tariffs inducing price pressures - Dow slipped -11-points or -0.02%, paring an earlier decline of more than >200-points. 3M Co -2.22% Amazon.com Inc +2.86%

    President Trump overnight warned there would be "very severe consequences" if Russian president Vladimir Putin failed to agree to a ceasefire agreement at their meeting in Alaska tonight AEST. President Trump also said he hoped to use the Friday meeting to set up a "quick second meeting" with Ukraine leader Volodymyr Zelenskiy.
    8 min
  • Thursday, 31 July 2025: US Markets Settle with Modest Losses
    US equity markets settled with modest losses as investors digested the latest monetary policy pronouncements from the Federal Reserve and eyed results after the closing bell from two of the so-called ‘Magnificent Seven’ cohort of mega-capitalisation technology companies - Dow fell -172-points or -0.38% , with 3M Co (down -3.41%) the worst performer in the 30-stock index. Procter & Gamble Co lost -2.38% after the company posted better-than-expected fourth quarter results after the close of the previous session and named Shailesh Jejurikar as its new chief executive. Nvidia Corp (up +2.14%) was the leading Dow component overnight.
    9 min
  • Wednesday, 16 July 2025: US Equity Markets Weaker as Investors Digested Inflation Figures
    • US equity markets weaker as investors digested the latest inflation figures and a mixed bag of second quarter results from some major banks - Dow dropped -436-points or -0.98% to 44,023.29, with American Express Co (down -3.20%) and UnitedHealth Group Inc (-2.95%) both down ~3%. Nvidia Corp rallied +4.04% to a record closing high of US$170.70 and was the leading Dow component following news that the U.S. government plans to grant licenses for the chipmaker to sell its H20 graphics processing units in China.
    9 min
  • Monday, 7 July 2025 - US Markets CLOSED for Independence Day
    • US equity and bond markets were CLOSED on Friday night AEST (4 July) for Independence Day.
    • For the shortened trading week, the Dow rallied +2.30%. The S&P 500 climbed +1.72% and the Nasdaq +1.62%
    • The US corporate calendar this week sees Amazon.com Inc begin its annual “Prime Day” sale event on Tuesday night AEST (8 July). After sales hit an all-time high at last year’s event, Amazon has extended this year's sale to four days from two. Costco Wholesale Corp on Wednesday night AEST (9 July). Conagra Brands Inc, Delta Air Lines Inc and Levi Strauss & Co post quarterly results on Thursday night AEST (10 July).
    5 min
  • Wednesday, 18 June 2025: Markets fall as Israel-Iran conflict continued to dominate investor sentiment
    US equity markets fell as the Israel-Iran conflict continued to dominate investor sentiment and drive volatility and a fresh spike in oil prices - Dow lost -299-points or -0.70%. Merck & Co Inc (down -3.31%) and Nike Inc (-3.07%) both fell over >3%. Amazon.com Inc (down -0.59%) said its Prime Day discount event for Prime members next month will extend to four days (8 July-11 July).
    8 min
  • Tuesday, 17 June 2025: Iran Nuclear Talks Spark Market Rally
    US equity markets rebounded amid reports that Iran is willing to negotiate over its nuclear program in an effort to contain the conflict with Israel - Dow rose +317-points or +0.75%, with American Express Co (+2.23%), Cisco Systems Inc (+2.22%), investment banks Goldman Sachs Group Inc (+2.33%) and JPMorgan Chase & Co (+2.04%), Nike Inc (+2.26%), and Salesforce Inc (+2.12%) Microsoft Corp +0.88% touched a record all-time intra-day high of US$480.69
    7 min
  • Monday, 16 June 2025: Israel launch wave of Airstrikes on Iran and Nuclear Facilities
    US equity markets retreated on Friday (13 June) after Israel launched a wave of airstrikes on Iran and its nuclear facilities, pushing oil prices sharply higher - Dow dropped -770-points or -1.79% Sherwin-Williams Co -5.7% was the worst performer in the 30-stock index, with analysts at Citigroup cutting their recommendation on the stock to "neutral" from "buy," indicating that the persistence of high mortgage rates and softness in the housing market could weigh on the paint distributor's performance in the near term. Visa Inc fell -4.99% and American Express Co -3.42% after a report in The Wall Street Journal indicated that Walmart Inc (-0.41) and Amazon.com Inc (-0.53%) are considering issuing their own stablecoins, a move that could help the retail giants sidestep the interchange fees charged by credit-card providers. Nike Inc (-3.61%) and Salesforce Inc (-3.19%) also fell over >3%.
    7 min

About Morgans AM

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A daily bulletin featuring an overnight sharemarket summary and economic news from across the globe, broadcast in the Morgans studio before the Australian stock market opens each morning.

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