US equity markets rebounded, with cyclicals clawing back some of their recent sharp falls - Dow rallied +618-points or +1.82% . Boeing Co jumped +7.54% after China cleared the 737 Max to return to fly. The broader S&P500 gained +1.42%, with Industrials (+2.89%), Financials (+2.83%), Energy (+2.81%) and Real Estate (+2.67%) all rebounding over >2% to lead all eleven primary sectors higher.  The Nasdaq +0.84%. Apple Inc slipped -0.61% after Bloomberg reported that the company told some of its suppliers there could be slowing demand for iPhone 13 models. It previously expected the reduction in its initial production goal to be made up in 2022 but said that may not materialise now. The small capitalisation Russell 2000 rallied +2.74% a day after marking its first correction since June of 2020.

Morgans AM: Friday, 3 December 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, 3 December 2021

Morgans Financial Limited

Related tracks