Morgans AM

Morgans AM: Thursday 10 October 2019


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US equity markets arrested a two session slide as investors digested the latest US-China headlines and the Federal Reserve meeting minutes - Dow up +182-points or +0.70% The broader S&P500 +0.91%, with the Information Technology (up +1.45%), Energy (+1.07%), Materials (+1.02%) and Financials (+1.00%) all posting gains of 1%+ and with all eleven primary sectors advancing. Bed Bath & Beyond Inc soared +20.83% in extended trading after announcing former Target Corp executive Mark Tritton as their new Chief Executive Officer (CEO). The NASDAQ +1.00%, with Apple Inc gaining +1.17% after Cannacord Genuity lifted their price target on the company to US$260 per share from US$240. The Federal Reserve will also release the minutes of their September monetary policy meeting
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Morgans AMBy Morgans Financial Limited


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