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US equity markets reversed earlier session losses to settle higher, with technology stocks leading the rebound - Dow up +95-points or +0.27%, recovering from an earlier decline of over >300-points. The broader S&P500 rose +0.71% to 4,575.52, falling short of the 4,587.77 level needed to mark an exit from official correction territory. Consumer Discretionary climbed +2.67% to lead eight of the eleven primary sectors higher. Energy (down -2.56%) was the worst performing primary sector overnight as crude prices retreated, with Chevron Corp down -1.75% and Exxon Mobil Corp -2.81% Tesla Inc rallied +% after the electric vehicle giant disclosed plans to enable a stock split, which would be the second in two years. The Nasdaq rallied +1.31% to 14,354.90, the highest settlement for the technology-centric index since 9 February. Apple Inc rose +0.50% to log its longest winning streak in more than a decade, climbing for ten consecutive sessions. The latest modest rise came despite a report from the Nikkei Asian Review saying that the company intends to lower production orders for its new iPhone SE by roughly 2M to 3M devices for the June quarter. The U.S. tech giant also reduced orders for its AirPods earphones by more than >10M units for all of 2022, as the company predicted lukewarm demand and wanted to reduce the level of inventories. Apple also asked suppliers to make a couple of million fewer units of the entire iPhone 13 range than previously planned, but said this adjustment was based on seasonal demand. Netflix Inc rose +1.25% despite executives predicting that growth would suffer much more than expected at the beginning of 2022. The small capitalisation Russell 2000 settled flat.

US equity markets ended another positive week on a mixed note - Dow up +153-points or +0.44%, with Goldman Sachs Group Inc (up +1.26%) and JPMorgan Chase & Co (+1.23%) among the notable performers and Treasury yields continued to climb. The broader S&P500 added +0.51%. The Energy sector (up +2.28%) climbed over >2% to lead nine of he eleven primary sectors higher on Friday (25 March). Information Technology and Consumer Discretionary both dipped -0.09% to be the only primary sectors not to advance. Tesla Inc (down -0.32%) is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday (27 March), as China’s financial hub said it would go into a lockdown in two stages to conduct COVID-19 testing. The technology centric Nasdaq eased -0.16%. The small capitalisation Russell 2000 +0.12%. JD.com Inc fell -2.60% after the U.S. Public Company Accounting Oversight Board said it was premature to say it was close to an agreement with China on allowing audit inspections of U.S.-listed Chinese companies. Alibaba Group Holding slid -1.9% following an ~6% in Hong Kong.

US equity markets advanced, settling near session highs as world leaders met to respond to Russia’s invasion of Ukraine and investors continued to monitor remarks by Federal Reserve officials - Dow up +349-points or +1.02% . The broader S&P500 +1.43%, with Information Technology (up +2.71%) leading all eleven primary sectors higher. Tesla Inc (up +1.48% to US$1,013.92) extended its rally into an eighth consecutive session to be up ~32% over that period and logging its highest close since 18 January. The technology-centric Nasdaq rallied +1.93%, with chipmakers among the leading performers. Nvidia Corp jumped +9.82%, Intel Corp +6.94%, and Advanced Micro Devices Inc +5.80%. The small capitalisation Russell 2000 gained +1.13%. Uber Technologies Inc rose +4.96% after The Wall Street Journal reported that the company has struck a deal to list all New York City taxis on its app.

US equity markets retreated and settled near their session lows as investors weighed the latest spike in oil prices and hawkish comments from Federal Reserve officials - Dow down -449-points or -1.29% . The broader S&P500 -1.23%, with Financials (down -1.84%), Health Care (+1.77%) and Information Technology (-1.5%) fell 1.5%+ to lead nine of the eleven primary sectors lower. Energy (up +1.74%) was the leading primary sector overnight. The Nasdaq -1.32%. Adobe Inc fell -9.34% after the software firm reported better-than-expected revenue and earnings per share (EPS) after the closing bell of the previous session but provided an outlook for the current quarter that fell shy of Wall Street estimates. The small capitalisation Russell 2000 shed -1.73%.

US equity markets rebounded following a volatile session on Monday (21 March) - Dow up +254-points or +0.74% . Goldman Sachs Group Inc rose +1.18% and JP Morgan Chase & Co +2.13% The broader S&P500 +1.13%, with Consumer Discretionary (up +2.45%) and Communication Services (+2.01%) both rising over >2% to lead ten of the eleven primary sectors higher. Energy (down -0.66%) was the only primary sector not to advance. Tesla Inc rose +7.% pushing its market capitalisation back above >US$1trillion for the first time since January after the electric carmaker opened a plant in Grünheide, Germany. The Nasdaq +1.96%. Big tech names Alphabet Inc (up +2.78%), Meta Platforms Inc (+2.44%) and Amazon.com Inc (+2.10%) all gained more than >2%. Nvidia Corp (down The small capitalisation Russell 2000 %. Alibaba Group Holding Ltd’s American Depository Receipts (ADRs) rallied +11% after the Chinese e-Commerce company announced late Monday (21 March) that it was boosting the size of its share-buyback program, authorising repurchases of as much as US$25B in shares, up from US$15B.

US equity markets retreated and bond markets saw aggressive selling after Federal Reserve Chair Jerome Powell underlined the need to quicken the pace of monetary policy tightening, adding that upward pressure on prices from the invasion of Ukraine comes at a time of “already too high inflation” - Dow lost -202-points or -0.58%, paring an earlier decline of as much as -413-points but snapping a five session winning streak. Boeing Co fell -3.59% after a China Eastern Airlines passenger jet, with 132 people on board crashed in the mountains of southern China. The plane was a 737-800, not the 737 Max, which has yet to resume commercial flying in China, according to The Wall Street Journal. The broader S&P500 dipped -0.04%, unwinding an earlier advance of as much as +0.4% despite a +3.79% gain for the Energy sector. The Nasdaq eased -0.40%. Facebook parent Meta Platforms Inc lost -2.31%. Apple Inc rose +0.85% despite several of its properties, including the App Store, Apple Music, Apple TV+, the iTunes store and Podcasts, suffering from an outage, disrupting access for users and businesses. Apple said the problems ranged from slow or unavailable service to intermittent issues with various services, its system status page showed. The small capitalisation Russell 2000 fell -0.97%.

US equity markets advanced to lift the benchmark indices to their best weekly performance since the week ended 6 November 2020, according to Dow Jones Market Data - Dow climbed for a fifth straight session, settling +274-points or +0.80% higher. Salesforce.com Inc and Apple Inc were among the top gainers in the Dow, rising +3.99% and +2.09% respectively The broader S&P500 gained +1.17%. Information Technology (up +2.19%) and Consumer Discretionary (+2.18%) both gained over >2% to lead ten of the eleven primary sectors higher. Utilities (down –0.90%) was the only primary sector to settle in the red on Friday (18 March). General Motors Co rose +0.4% in extended trading on Friday (18 March) after announcing that it was buying Softbank Vision Fund's stake in its autonomous-driving unit Cruise for US$2.1B, lifting its stake to ~80%. GM will also make an additional US$1.35B investment in Cruise in place of SoftBank, it said. The technology centric Nasdaq rallied +2.05%. Nvidia Corp rallied +6.8% and Meta Platforms Inc +4.16% The small capitalisation Russell 2000 added +1.02%. Friday’s (18 March) marked Quadruple Witching, the simultaneous expiration of stock index futures, stock index options, stock options and single-stock futures.

US equity markets continued to build on a strong rebound as investors digested the latest news out of Ukraine and the outcome of the latest Federal Reserve monetary policy meeting - Dow gained +418-points or +1.23% and is on pace to log its first positive week in the past six. American Express Corp (up +3.52%) was among the leading performers following their Investor Day on Wednesday (16 March), with Bank of America reiterating their ‘buy’ recommendation on the stock. The broader S&P500 advanced +1.23%, with Energy (up +3.48%) returning to the top of the leaderboard and leading all eleven primary sectors higher. Occidental Petroleum jumped +9.47% as Warren Buffet’s investment group, Berkshire Hathaway, filed papers with the Securities and Exchange Commission (SEC) indicating it owed 136.37M shares of the oil major as of 16 March, following purchases of around US$985M of stock between 14 March and 16 March at an average price of around US$54.41 per share. The Nasdaq rose +1.33%. The small capitalisation Russell 2000 gained +1.69%. Tonight’s AEST session for US equity markets is Quadruple Witching, when stock index futures, stock index options, stock options and single-stock futures expire simultaneously.

US equity markets logged strong gains after a volatile session that saw the Federal Reserve raise interest rates as expected accompanied by an aggressive policy outlook to combat inflation - Dow gained +519-points or +1.55% after initially declining in the wake of the release of the Federal Reserve’s monetary policy statement. The index swung nearly 700-points from its session lows. JPMorgan Chase & Co +4.47% Boeing Co (up +5.06%), Intel Corp (+4.06%), Nike Inc (+4.85%), and Salesforce.com Inc (+4.81%) were among other notable index performers. American Express Co gained +2.60% after the company hosted an Investor Day and reiterated its long-term goals for annualised revenue growth of more than >10% in 2024 and beyond, as well as earnings-per-share (EPS) growth in the mid-teens range over the same stretch. The broader S&P500 jumped +2.24%, recording its biggest two-day increase since April 2020. The Nasdaq surged +3.77% to log its best daily percentage gain since 4 November, 2020 and mark a +6.7% rally for the technology-centric index over the past two sessions The small capitalisation Russell 2000 rallied +3.14%.

US equity markets advanced as oil prices retreated below US$100/barrel for the first time since 1 March, while the latest reading of wholesale inflation printed lighter than expectations - Dow rallied +599-points or +1.82% . The broader S&P500 gained +2.14%, snapping a three day losing streak. Information Technology (up +3.49%) and Consumer Discretionary (+3.39%) both climbed over >3% to lead ten of the eleven primary sectors. Energy (down -3.72%) sat at the foot of the primary of the primary sector leaderboard for a second consecutive session, with Chevron Corp down -5.06% and Exxon Mobil Corp -5.69%. Delta Air Lines Inc (up +8.70%) and Southwest Airlines Co (+4.89%) both raised their first-quarter revenue outlooks overnight, while United Airlines Holdings Inc (+9.19%) said it expects first-quarter total operating revenue to be nearer the top end of previous guidance. The technology-centric Nasdaq rebounded +2.92%, also snapping a three session losing streak and more than recouping the previous session’s -2.06% decline. Microsoft Corp and Netflix Inc each rose +3.8% after some Wall Street analysts reiterated their overweight ratings. Chipmakers also rebounded strongly, with Advanced Micro Devices Inc up +6.92% and Nvidia Corp +7.70%. The small capitalisation Russell 2000 rose +1.4%.