Morgans AM

Morgans AM: Thursday 6 February 2020


Listen Later

US equity  markets extended their rally into a third straight session - Dow rallied +483-points or +1.68% with United Health and International Business Machines (IBM) The broader S&P500 gained +1.13% to a record closing high (3,334.69), with Energy (up +3.78%) leading ten of the eleven primary sectors higher. Real Estate  (down -0.07%) was the only laggard. The index had been down as much as 3.1% earlier in the session. The S&P500 has posted five moves of at least 1% over the past two weeks. Prior to that, the S&P 500 had gone 74 sessions without a move of that magnitude. Ford Motor Co tumbled -9.5% after the company delivered a weaker-than-expected 2020 forecast after the close of the previous session. The NASDAQ added +0.44% to (9,508.68) and also minted a fresh record closing high.  Tesla Inc fell -17.2% after surging over >% in the preceding two sessions alone. A senior executive warned that the coronavirus outbreak in China would delay deliveries of Model 3 cars made at its Shanghai plant.
...more
View all episodesView all episodes
Download on the App Store

Morgans AMBy Morgans Financial Limited


More shows like Morgans AM

View all
NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners