US equity markets eased following the powerful rally recorded in the final hour pf the previous session, with investors eyeing tonight’s AEST key jobs data - Dow fell -195-points or -0.56%. Salesforce Inc fell -8.27% after the business software provider released its quarterly result after the closing bell of the previous session and announced that co-chief executive officer (CEO) Bret Taylor is stepping down. The broader S&P500 dipped -0.09%, with Financials (down -0.71%) leading eight of the eleven primary sectors lower. Communication Services (+0.29%), Health Care (+0.24%) and Information Technology (+0.07%) were the sectors to advance. Costco Wholesale Corp dropped -6.56% after the pace of November sales slowed to a 5.7% gain from the prior year. In October, sales climbed 7.7% from a year ago. The wholesale retailer also reported a -10.1% decline in e-commerce sales during the period. The Nasdaq edged +0.13% higher. The small capitalisation Russell 2000 eased -0.26%.

Morgans AM: Friday, 2 December 2022

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, 2 December 2022

Morgans Financial Limited

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