Morgans Financial Limited

Morgans AM: Thursday, 17 February 2022


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US equity markets mixed as investors digested the latest Federal Reserve monetary policy meeting minutes and mixed messaging around the Russia-Ukraine tensions - Dow eased -55-points or -0.16%, paring an earlier decline of over >300-points. The broader S&P500 added +0.09%, recovering from an earlier ~0.7% fall. Energy up +0.76%) led ten of the eleven primary sectors higher, with Information Technology (down 0.17%) the only sector not to advance. ViacomCBS tumbled -17.81% to be the worst S&P500 performer overnight after the company reported lower-than-expected quarterly earnings after the close of the previous session and announced it was rebranding itself Paramount Global to focus on streaming. The Nasdaq -0.11%. The small capitalisation Russell 2000 +2.76%.
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