Morgans Financial Limited

Morgans AM: Wednesday 15 May 2019


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US equity markets rebounded as President Trump moved to reassure investors that a trade deal with China will still be negotiated - Dow up +207-points or +0.82% The broader S&P500 rose +0.80%, with Information Technology (up +1.60%) leading ten of the eleven primary sectors higher. Utilities (down -0.87%) was the sector to close in the red. The technology sector NASDAQ gained +1.14%. Comcast Corp gained +1.5% after the cable giant announced that it has agreed to sell its 33% stake in Hulu in five years to Walt Disney Co (up +1.42%) for at least US$27.5B, while immediately giving up its voting rights over the streaming company.
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