US equity markets mixed as investors continued to ponder the latest monetary policy pronouncements from the Federal Reserve, although technology stocks traded strongly - Dow fell -210-points or -0.62%, extending its losing streak into a fourth straight day – the longest losing streak since January. Among some of the Dow’s key components, Caterpillar Inc fell -3.55%, Chevron Corp -2.37% and Dow Inc fell -3.13%, The broader S&P500 dipped -0.04%, with the Energy (down 3.49%), Financials (2.94%) and Materials (-2.20%) recording sharp falls. However, Information Technology rose +1.17% to be the leading primary sector performer. The technology-centric Nasdaq gained +0.84%, with Facebook (up +1.64%), Apple Inc +1.26%), Amazon.com Inc (+2.17%) all posting solid gains.   The small capitalisation Russell 2000 fell -1.18%.

Morgans AM: Friday, 18 June 2021

Money News

Money News | 047102023 Dianne Colledge, Private Client Advisor at Morgans

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with more than 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices across all states and territories in Australia.

Morgans AM: Friday, 18 June 2021

Morgans Financial Limited

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