Morgans AM

Morgans AM: Tuesday 15 October 2019


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US markets settled with modest losses in a subdued session as the Columbus Day holiday limited price action (with government offices and agencies closed along with the bond market) - Dow down -29-points or -0.11% The broader S&P500 -0.14%, Materials (down -0.75%) and Utilities (-0.67%) leading nine of eleven primary sectors lower. Real Estate (up ++0.14%) and Financials (+0.12%) were the only sectors to advance. Harley-Davidson Inc rose +0.3% after a choppy ride following a Wall Street Journal reported that the company had to halt production and delivery of its first electric motorcycle (the Livewire) after finding a problem related to charging equipment. Harley is slated to report their third quarter result before the opening bell on 22 October. The technology centric NASDAQ slipped -0.10%. Overnight marked the lowest volume full trading day for US equity markets since December 2017, according to Bespoke Invest.
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Morgans AMBy Morgans Financial Limited


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