Morgans Financial Limited

Morgans AM: Thursday 12 September 2019


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US equity markets rallied, buoyed by fresh signs of progress between the US and China on the trade front - Dow up +228-points or +0.85% (to 27,137.04) to log its first six session winning streak since June and close above the >27,000 mark for the first time since 30 July. The index also now sits within 1% of its record all time high (27,398.68) struck on 16 July. The broader S&P500 +0.72% (to 3000.93) to close above >3,000 and also move within 1% of its record high (3,027.98) set on 26 July. The NASDAQ climbed +1.06% (to 8,169.68) and marked its best close since 31 July. Apple Inc gained +3.2% and reclaimed its status as trillion US dollar company a day after the company unveiled new iPhones, Apple Watches and an iPad, as well as new details about its subscription TV service Apple TV+ and Apple Arcade.
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