Morgans Financial Limited

Morgans AM: Tuesday, 9 March 2021


Listen Later

US equity markets mixed, with another steep sell-off for technology stocks – Dow gained +306-points or +0.97%, climbing as much as 650-points and touching a fresh record intra-day peak (32,148.04). Walt Disney Co rallied +6.27% ahead of the company’s annual shareholders meeting, with California health officials last Friday (5 March) gave Disneyland and other theme parks the go-ahead to reopen at limited capacity from 1 April, after a closure of almost a year due to the coronavirus pandemic. The broader S&P500 fell -0.54%, erasing an earlier +1% gain. Information Technology (down -2.46%) led the decline, while Utilities (up +1.39%), Materials (+1.29%), Financials (+1.29%) and Industrials (+1.05%) all advanced over >1%. Tesla Inc (down -5.84%) fell for a fifth straight session. 341 stocks in the S&P500 advanced, while 164 stocks retreated. The technology-centric Nasdaq tumbled -2.41% to settle more than >10% below its 12 February closing high (14,095.47) and booking its first correction since September last year. Apple Inc fell -4.17% to settle around a three month low and has fallen -% from its 26 January record close of US$143.16. The Dow booked its widest outperformance against the S&P 500 since 1971, according to Dow Jones Market Data and the biggest outperformance against the Nasdaq since 2001. The small capitalisation Russell 2000 index added +0.49%.
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,724 Listeners

CommSec Market Update by CommSec

CommSec Market Update

16 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners

The Money Puzzle by The Australian

The Money Puzzle

45 Listeners

Your Wealth by NAB

Your Wealth

8 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

13 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

61 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

11 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,506 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

36 Listeners

The Front by The Australian

The Front

52 Listeners

Chanticleer by Australian Financial Review

Chanticleer

22 Listeners

The Fin by Australian Financial Review

The Fin

20 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

7 Listeners