Morgans AM

Morgans AM: Wednesday 5 February 2020


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US equity markets consolidated the solid rebound of the previous session - Dow soared +408-points or +1.4% The broader S&P500 gained +1.51%, with Information Technology (up +2.6%) leading ten of the eleven primary sectors higher. Utilities (down -1.03%) was the only laggard. Nike Inc fell -1.4% in extended trading after the company said it has temporarily closed about half of its stores in China because of the coronavirus outbreak. The company said its remaining open stores are operating with reduced hours and have experienced lower than expected retail traffic.
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Morgans AMBy Morgans Financial Limited


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