Morgans AM

Morgans AM: Wednesday 22 January 2020


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US equity markets resumed trading after the long weekend on the backfoot after the US Centers for Disease Control and Prevention announced the first case of the coronavirus within the US - Dow fell -152-points or -0.52%, snapping a five session winning streak. Boeing Co fell -3.33% on news the company doesn’t expect regulators to sign off on the beleaguered 737 Max jet until June or July. The broader S&P500 -0.33%, The technology-centric NASDAQ slipped -0.17% after touching a fresh record intra-day high (9,397.58) earlier in the session. Chinese tech behemoth Tencent Holdings Ltd dropped -2.88%, after the firm’s Chairman Pony Ma reportedly sold $2B Hong Kong dollars (~US$257.31M) worth of shares, according to Reuters.
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Morgans AMBy Morgans Financial Limited


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