Morgans Financial Limited

Morgans AM: Thursday 25 July 2019


Listen Later

Record highs for both the S&P500 and Nasdaq US markets - Dow lost -79-points or -0.29% with Boeing Co (down -3.11%) weighing on the index after the aerospace giant posted a US$2.9B (US$5.82 per share) loss in the second quarter - its worst ever - and warned it could suspend production of its flagship 737 Max jet if delays worsen. Caterpillar Inc fell -4.5% after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China dented its second quarter profit. The heavy machinery manufacturer also lowered full-year earnings guidance to be at the lower end of previous range of US$12.06 to US$13.06, short of the estimate of US$12.24 per share. The broader S&P500 +0.47% to 3019.56, The technology-centric NASDAQ gained +0.85% to 8,321.50, propelled by a rally in chip stocks Texas Instruments rallied +7.44% after posting strong second quarter numbers after the close of the previous session. The Russell 2000 index of small-capitalisation stocks rose 1.64% (to 1,580.42) and is now up +17.19% for the year.
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,634 Listeners

CommSec Market Update by CommSec

CommSec Market Update

12 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

19 Listeners

The Money Puzzle by The Australian

The Money Puzzle

49 Listeners

Your Wealth by NAB

Your Wealth

6 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

10 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

62 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

20 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

9 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,841 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

47 Listeners

The Front by The Australian

The Front

45 Listeners

Chanticleer by Australian Financial Review

Chanticleer

19 Listeners

The Fin by Australian Financial Review

The Fin

24 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

5 Listeners