Morgans AM

Morgans AM: Thursday 7 May 2020


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•US equity markets lost some steam late in session to settle lower although technology stocks traded strongly - Dow down -218-points or -0.91%. UnitedHealth Group Inc (down -1.71%) and Travelers Companies Inc (down -4.02%) each shaved more than >20 points off the index. The broader S&P500 shed -0.70%, with Information Technlogy (up +0.71%) and Consumer Discretionary (+0.31%) the only primary sectors to advance. Utilities (down -3.51%), Energy (-2.63%) and Financials (-2.31%) were the worst performing primary sectors. Airline stocks were the subject of another broad sell-off (American Airlines Group Inc down -2.7%, Delta Air Lines Inc -3.3%, United Airlines Holdings Inc -5.0% and Southwest Airlines Co -5.36%). NASDAQ +0.51%, with Netflix Inc up +2.41% and Amazon.com Inc +1.15%.
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Morgans AMBy Morgans Financial Limited


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