Morgans AM

Morgans AM

By Morgans Financial LimitedBusinessInvesting
Download on the App Store

Morgans AM episodes

  • Thursday, 20 March 2025: Markets Rally as S&P Claws Back More
    US equity markets rallied on Wednesday, with the S&P 500 clawing back more of the rout since late February that took the benchmark briefly into correction territory.
    The Dow Jones climbed 383.32 points, or 0.92%, closing at 41,964.63. The S&P 500 added 60.63 points or 1.08%, to close at 5,675.29. The Nasdaq Composite jumped 246.67 points or 1.41% to 17,750.79.
    The Dow and the S&P 500 are more than 6% and more than 7%, respectively, below their recent closing highs. The Nasdaq, meanwhile, is roughly 12% off its record close.
    5 min
  • Tuesday, 18 March 2025: Markets Build on Their Comeback After a Month Long Rout
    US equity markets rose on Monday, building on their comeback from a four-week rout on Wall Street after mixed economic data and ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war. The S&P 500 gained 0.65% to close at 5,675.12, while the Nasdaq Composite climbed 0.31% and ended at 17,808.66. The Dow Jones Industrial Average also advanced 353.44 points, or 0.85%, to end at 41,841.63. The 30-stock index was bolstered by gains in Walmart and International Business Machines

    5 min
  • Friday, 14 March 2025: Big Tech Continuing to Hurt Indices
    US equity markets weaker on Wednesday, big tech continuing to hurt indices, with select Consumer names also being sold off. US PPI came in a touch below expectations, which followed a CPI print below expectations the day prior, but tariffs (and the threat of tariffs) were louder and seemed the focus of market moves.
    The Dow fell 537 points or -1.30%.
    Apple continued its negative trajectory, shares down another -3.36%, extending a string of recent losses on concerns over delayed Siri features and the impact of tariffs. The stock fell for the third-straight session after Apple on Friday reportedly pushed back the launch of certain Apple Intelligence features for Siri until 2026. The stock is -20% off its highs set in late December.
    7 min
  • Thursday, 13 March 2025: Tech Names in the Green, Consumer Staples Down
    US equity markets mixed on Wednesday, select beaten up tech names in the green, while large Consumer Staples continued to pull back, as US annual inflation rate fell to 2.8% in February, below forecasts of 2.9%. The core rate, which excludes volatile food and energy prices, was 3.1% versus expectations of 3.2%.
    The Dow slipped 82 points or -0.20%.
    8 min
  • Wednesday, 12 March 2025: US Equity Markets Weaker Again
    US equity markets were again weaker on Tuesday, tariffs (both actual and threatened) making investors skittish. The Dow fell 478 points or -1.14%.

    Verizon Communications, the worst performer in the Dow, fell -6.58% after the telecommunications company said at a conference that it has "been a challenging quarter from a competitive intensity standpoint." Verizon anticipates first-quarter postpaid phone gross additions to be flat to slightly down from the prior-year period.

    Citi became the latest Wall Street investment bank to downgrade its stance on U.S. equities, downgrading its recommendation to "neutral" from “overweight” and citing recession fears. Citi’s global head of macro strategy, Dirk Willer, cited two key market signals as factors signalling weakness ahead. Firstly, the S&P 500 broke below its 200-day moving average and secondly, the underperformance of market-leading stocks. He noted that while US equities may regain their edge once the artificial intelligence (AI)-driven rally resumes, near-term growth is expected to lag behind global markets.
    6 min
  • Tuesday, 11 March 2025: Will Tariff Policy Lead Markets to a Recession? Investors Worry as Markets Weaken More
    US equity markets were again weaker on Monday, investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview. 'Risk-off' sentiment can definitely be seen in US market trading. The Dow fell 890 points or -2.08%, the 30-stock index dragged down by Nvidia, Goldman Sachs and Apple, down -5.07%, 5%, and 4.85% respectively.
    Canada's next prime minister, former Bank of England Governor Mark Carney, took aim at President Trump in his victory speech. "There's someone who's trying to weaken our economy: Donald Trump," he said. Carney won with leadership of the Canadian Liberal party with 86% of the vote. He will be sworn in as the country's new prime minister in the coming days. He said he will seek new trading partnerships with "reliable partners." Carney has also vowed to maintain retaliatory tariffs "until the Americans show us respect."  
    7 min
  • Monday, 10 March 2025: US equity markets advanced, recovering from steep losses
    US equity markets advanced, recovering from steep losses earlier in the session following a lacklustre jobs report and after Federal Reserve Chair Jerome Powell said the economy remains in good shape. The Dow was up 222 points or 0.52%, the 30-stock index led by IBM (up 5.1%), and Verizon Communications (up 4.14%) leading the charge.The broader S&P500 gained +0.55%, with Utilities (up +1.84%) and Energy (+1.64%) leading eight of the eleven primary sectors higher. 
    6 min
  • Friday, 7 March 2025: Investors digest Trumps Tariffs
    • U.S. equity markets were down overnight as the market digests Trumps whipsawing tariff decisions.   
    • The Dow was down -0.92% to 42,612 points.
    • Nvidia was the main drag, falling -5.52% after CFO Colette Kress stated it would take some time for them to meet demand for their Blackwell chips.
    • Goldman Sachs was also weak, falling -4.27%.
    • The broader S&P500 fell -1.69% to 5,743 points. Energy was the top performing sector, up 0.63%. Consumer Discretionary and Real Estate sat at the foot of the primary sector leaderboard, down -3.01% and -2.61% respectively.
    • Trading platform MarketAxess was the top performer, closing up 5.26% after reporting stronger institutional trading volumes.
    • BestBuy closed up 4.21% to partially recover from its strong sell off earlier in the week.
    7 min
  • Wednesday, 5 March 2025: US Equity Markets weaker, extending losses
    US equity markets weaker, extending the steep losses recorded a day earlier albeit settling off their worst levels of the session as tariffs of 25% on Canada and Mexico took effect - Dow shed -670-points or -1.55% to 42,520.99, having fallen as much a -843 points at its session low.  A close below 40,512.64 would mark a correction (defined as a 10% fall from the most recent peak) from the index’s record close of 45,014.04, set on 4 December. Boeing Co (down -6.56%) was the worst performer in the 30-stock index. Nvidia Corp rose +1.67%, recouping some of the previous session’s -8.81% decline that dragged the chipmaker into official correction territory (after settling more than >20% below its record all-time closing high of US$149.43 set on 6 January).
    7 min

About Morgans AM

From the publisher's feed

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.

More shows like Morgans AM

NAB Morning Call by Phil Dobbie

NAB Morning Call

19 Listeners