Morgans Financial Limited

Morgans AM: Wednesday 9 October 2019


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US equity markets retreated as investor optimism around a US-China trade deal faded amid a series of headlines - Dow fell -314-points or -1.19% The broader S&P500 -1.56%, with Financials (down -2.02%) leading all eleven primary sectors into the red. Boeing Co fell -0.65% after the aircraft maker reported that its deliveries of airliners to customers in September plunged 70% from the level of a year earlier. Boeing delivered 26 airliners in September, down from 87 a year earlier and trailing the 71 reported by its European rival Airbus. Over the first nine months of the year, Boeing delivered 302 airplanes, compared with 571 by Airbus. The grounded 737 Max accounted for virtually the entire drop in Boeing shipments. NASDAQ -1.67%. Oracle Corp fell 1.4% after the company announced its planning to hire 2,000 new workers as part of a plan to expand cloud computing services to more companies in the competition with Amazon Web Services and Microsoft. U.S.-traded shares of Alibaba Group Holding Ltd (down -3.8%), JD.com Com (-3.88%) and Baidu Inc (-1.91%) fell following reports that the White House is considering limits on Chinese stock holdings in government pension funds
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