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US equity markets logged modest losses following a muted session as investors eye tonight’s AEST inflation figures - Dow eased -57-points or -0.17%. Boeing Co rose +2.34%, with confirmation that the company had struck a deal with Ryanair Plc that will see the Irish low-cost carrier buy up to 300 Boeing aircraft. The deal comes after discussions collapsed more than 18 months ago over a disagreement on price. The aircraft will be delivered between 2027 and 2033. The broader S&P500 fell -0.46%, with Materials (down -0.93%) and Information Technology (-0.86%) leading eight of the eleven primary sectors lower. The Nasdaq lost -0.63%. The small capitalisation Russell 2000 lost -0.27%.

US equity markets settled narrowly mixed as an early rally in regional banking stocks faded, and with investors eyeing pivotal inflation figures later in the week - Dow eased -56-points or -0.17%, The broader S&P500 inched +0.05% higher, with Communication Services (up +1.27%) leading four of the eleven primary sectors higher thanks to solid gains from Google parent Alphabet Inc (+1.91%) and Walt Disney Co (+2.44%). The Nasdaq eked out a +0.18% gain to 12,256.91, its highest close since 12 September and enough to lift the technology centric index out of official bear market territory once again (up +20.01% from its 28 December closing low of 10,213.29). The last such exit from a bear market for the Nasdaq was 10 August last year and proved short-lived, with the index peaking just a few trading days later on 15 August before slumping back into a bear market - dropping 20% from that high - by 11 October. The small capitalisation Russell 2000 lost -0.31%. Amcor Plc fell over >2% in extended trading (after adding +0.38% in the regular session) after announcing it had signed a deal to buy Moda Systems, a maker of automated protein packaging machines. The packaging major did not disclose the size of the deal.

US equity markets rallied on Friday (5 May) to snap a four session losing streak, with regional bank shares rebounding from steep losses, and as investors digested the latest monthly jobs figures - Dow rallied +547-points or +1.65%, The broader S&P500 +1.85%, with Energy (up +2.75%), Information Technology (+2.71%), Financials (+2.44%) and Consumer Discretionary (+2.5%) gaining 2%+ to lead all elven primary sectors higher. The Nasdaq +2.25%. Apple Inc jumped +4.69% after posting better-than-expected first quarter numbers after the close of the previous session. Advanced Micro Devices (AMD) Inc gained +3.73% capping a two rebound of +9.84% that saw the chipmaker recoup a fall of over >9% last Wednesday (3 May) after better-than-expected first quarter headline numbers were overshadowed by an underwhelming outlook. The rebound came following a report that AMD was partnering with Microsoft Corp (+1.72%) to develop an in-house chip to handle artificial intelligence (AI) workloads. Microsoft has relied mostly on AMD’s larger rival Nvidia Corp (+4.06%) for its data-centre needs. The small capitalisation Russell 2000 rose +2.39%. Atlassian Corp fell -9.54% after the collaboration- and productivity-software company said late last Thursday (4 May) it expected business to get worse as companies keep cutting jobs. The company forecast revenue of US$900M to US$920M for the fiscal fourth quarter versus analysts’ consensus estimates for US$919.4M, stating in its letter to shareholders that cloud revenue faced “increasing macroeconomic impacts on paid seat [a paid user of Atlassian software] expansion from existing customers and new customer conversions, as well as headwinds in areas [where] we have yet to see significant impact.”

A very tight US labour market means another FED rate hike is likely before the FED pauses in June. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

Morgans AM: Friday, 5 May 2023 by Morgans Financial

Morgans AM: Thursday, 4 May 2023 by Morgans Financial

US equity markets declined under the weight of fresh falls for regional banks and the energy sector - Dow down -367-points or -1.08%, The broader S&P500 lost -1.16%, with Energy (down -4.28%) and Financials (-2.30%) leading ten of the eleven primary sectors lower. Consumer Discretionary (+0.16%) was the only primary sector to settle in positive territory. The technology-centric Nasdaq fell -1.09%. The small capitalisation Russell 2000 dropped -2.10%.

Morgans AM: Tuesday, 2 May 2023 by Morgans Financial

At our monthly Business Breakfast, Morgans was joined by special guests Scott McMillan, Chief Executive Officer of Alliance Aviation Services; Luke Trouchet, Executive Director of Tourism Holdings Limited; Jamie Pherous, Executive Director and Managing Director of Corporate Travel Management (CTM) AU/NZ; and Graham Turner, Global Managing Director and Chief Executive Officer of Flight Centre Travel Group. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

US equity markets advanced on Friday (28 April) despite another crushing session for First Republic Bank, with investors continuing to digest corporate earnings and the latest inflation reports - Dow rose +272-points or +0.80%, The broader S&P500 gained +0.83%, with Energy (up +1.47%), Financials (+1.19%), Real Estate (+1.15%), Materials (+1.13%) and Information Technology (+1.07%) rising over >1% to lead nine of the eleven primary sectors higher. Utilities (down -0.19%) and Consumer Discretionary (-0.04%) were the only primary sectors to settle in the red. Both the Dow and S&P500 logged their best single session advance since 6 January. The Nasdaq added +0.69% to settle at 12,226.58, logging its best single session gain since 16 March and marking the highest close for the technology-centric index since 12 September, 2022. Intel Corp rallied +4.02% as the once dominant chipmaker posted first quarter numbers after the closing bell of last Thursday’s (27 April) session that were a touch a head of consensus analyst forecasts. However, Amazon.com Inc fell -3.98% after the e-commerce and cloud-computing giant’s first quarter headline numbers released after the close of the previous session comfortably surpassed consensus estimates, but with analysts concerned about revenue growth in the Cloud unit. The small capitalisation Russell 2000 lost -0.49%.