Morgans AM

Wednesday 19 August 2020: US equity markets advanced


Listen Later

US equity markets advanced, with both the S&P500 and Nasdaq setting fresh records - Dow eased -67-points or -0.24%. The broader S&P500 gained +0.23% to 3,389.78, logging its first record closing high since 19 February and recovering all its losses made since the onset of the coronavirus crisis. It has taken the S&P500 126 trading sessions to finish at a new record level after falling by at least 20%, which defines a bear market. Oracle Corp gained +2.20% following a CNBC report the company is discussing a deal for TikTok’s U.S., Canada, Australia and New Zealand operations. The technology-centric NASDAQ +0.73% to 11,210.97, notching its 34th record closing high of 2020. Amazon.com Inc outperformed with a +4.% gain.
...more
View all episodesView all episodes
Download on the App Store

Morgans AMBy Morgans Financial Limited


More shows like Morgans AM

View all
NAB Morning Call by Phil Dobbie

NAB Morning Call

20 Listeners