Morgans Financial Limited

Morgans AM: Wednesday 18 December 2019


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US equity markets eked out modest gains to climb for a fifth straight session and extend their winning streak, with strong housing and manufacturing data bolstering investor confidence in the economy - Dow up +31-points or 0.11%. The broader S&P500 edged +0.03% higher (to 3,192.52). Boeing Co closed flat after confirming late Monday (16 December) it would suspend production of its 737 MAX jetliner. The technology-centric NASDAQ added +0.07% (to 8,823.36). Both the S&P 500 and Nasdaq logged their fourth consecutive record closing highs, the longest such streak since August 2018. Netflix Inc gained +3.7% after the streaming giant disclosed strong membership growth numbers in key regions, including Asia-Pacific and Europe, the Middle East and Africa. Apple Inc rose +0.2% to log another record high.
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