Morgans Financial Limited

Morgans AM: Wednesday 20 January 2021


Listen Later

US equity markets advanced after resuming trading following the Martin Luther King Jnr. Day holiday, with as U.S. Treasury Secretary nominee Janet Yellen advocating for further fiscal stimulus - Dow added +116-points or +0.38%, snapping a three session slide. Boeing Co gained +3.13% as Canada said it would lift a near two-year flight ban on its 737 MAX following two fatal crashes involving the model while a final clearance from Europe to resume flying the jet is expected next week. The broader S&P500 rose +0.81%, with Energy (+2.05%), Communication Services (+1.87%) and Information Technology (+1.31%) leading eight of the eleven primary sectors higher. The more defensive sectors lagged, with Real Estate down =-0.54%, Consumer Staples -0.44% and Utilities -0.37%. General Motors Company jumped +9.75% after the automaker said it was partnering with Microsoft Corp (+1.78%) to speed up the commercialisation of driverless cars. As part of the “long-term strategic relationship,” Microsoft will join General Motors (GM) as well as Honda Motor Co. Ltd and institutional investors on a combined new US$2B equity investment in GM’s self-driving vehicle start-up Cruise. Tesla Inc rose +2.23% after the electric vehicle market leader tweeted over the weekend that it has started official deliveries of its Model Y vehicles in China. The technology-centric Nasdaq gained +1.53% to 13,197.18, settling just shy of its 8 January all-time high (13,201.98). The small capitalisation Russell 2000 index gained +1.32%. In broader stock moves, Harley Davidson Inc rose +2.1% toward a 2-year high after the motorcycle group said its 2021 line-up of bikes have arrived at its dealers.
...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