Morgans AM

Morgans AM: Tuesday 24 September 2019


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US equity markets faded into the close of Monday's session to leave the benchmark indices little changed - Dow inched +14-points or +0.06% higher, with American Express up +1.2% after the company announced a buyback programme of up to 120M shares and lifted its dividend by 10% to US$0.43c per share. The broader S&P500 dipped -0.01%, with Consumer Staples (up +0.36%) and Real Estate (+0.23%) the leading sector performers. The NASDAQ slipped -0.06%. Amazon.com Inc retreated 0.5% after Morgan Stanley cut their price target on the firm by 4% to US$2,200.
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Morgans AMBy Morgans Financial Limited


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