Record closing highs for all three benchmark US equity indices to close out the week and month, with a late rally seeing the market retrace earlier losses and shrugging off some disappointing corporate results from some major technology companies after the close of last Thursday’s (28 October) session  - Dow up +89-points or +0.25% to settle at a fresh record closing high of 35,819.56. The broader S&P500 edged +0.19% higher to record close of 4,605.38, with Health Care (up +0.95%), Communication Services (+0.83%) and Information Technology (+0.43%) all advancing. Real Estate (down -1.19%) was the worst performing primary sector.  The Nasdaq rose +0.33% to scale a fresh record peak of 15,498.39 Apple Inc fell -1.82% Microsoft Corp (up +2.24%) usurped Apple (market capitalisation of ~US$2.458 trillion) as the most valuable U.S. company by market capitalisation for the first time in nearly 16 months, with the latest gain leaving the software giant with a market capitalisation of ~US2.49 trillion. Amazon.com Inc fell -2.15% The small capitalisation Russell 2000 dipped -0.03%.

Morgans AM: Monday, 1 November 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: Monday, 1 November 2021

Morgans Financial Limited

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