Morgans AM

Morgans AM: Wednesday 29 April 2020


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US equity markets retreated, with the benchmark indices all relinquishing earlier session gains of over >1% as major technology stocks retreated ahead of impending quarterly results releases - Dow eased -33-points or -0.13%, snapping a four session winning streak and unwinding an earlier ~378-point/1.6% rally. The broader S&P500 lost -0.50%, having gained as much as +1.5% earlier in the session. Energy (up +2.19%) and Materials (+1.96%) led seven of the eleven primary sector higher. Healthcare (down -2.13%) was the laggard. The NASDAQ dropped -1.4% after being up as much a +1.2% at its session highs, with investors eyeing the release of quarterly numbers from a host of major technology companies in the coming days.
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Morgans AMBy Morgans Financial Limited


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