Morgans AM

Morgans AM: Thursday, 8 October 2020


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US equity markets rebounded, buoyed by President Trump urging Congress to pass a series of smaller, standalone bills that would include a bailout package for the airline industry battered by the coronavirus pandemic - Dow rallied +531-points or +1.91%. The broader S&P500 +1.74%, with Materials, Consumer Discretionary, and Industrials all logging gains of over >2% and leading all eleven primary sectors higher. Eli Lilly and Co rose 3.4% after saying it had submitted a request to the U.S. Food and Drug Administration for emergency use of its experimental COVID-19 antibody treatment. The technology-centric Nasdaq gained +1.83%.
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Morgans AMBy Morgans Financial Limited


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