Morgans AM

Morgans AM: Thursday 14 November 2019


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Fresh record closing highs for both the Dow Jones Industrial Average and S&P500 - Dow up +92-points or +0.33% to 27,783.59, also touching a record intra-day high (27,806.40). Walt Disney Co jumped +7% and touched a record high (US$149.92) after the company announced that its new streaming service had more than >10M subscribers in the wake of the service's Tuesday (12 November) launch. The broader S&P500 eked out a +0.07% rise to 3,094.04 to log its 20th record closing high of the year. The more defensive Utilities (up +1.47%) and Real Estate (+1.07%) led six of the eleven primary sectors higher, while Financials (down -0.57%) and Energy (-0.51%) the laggards. The technology-centric NASDAQ dipped -0.04%. Nike Inc announced that it will complete its current pilot with Amazon Retail as it focusses on direct sales. The announcement comes a year after Nike announced it would sell its products on Amazon.com. Foot Locker Inc rose +0.90%.
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Morgans AMBy Morgans Financial Limited


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