US equity markets little changed on Friday (18 August) as gains for more defensive sectors and Energy offset fresh weakness among megacap technology names - Dow edged +26-points or +0.07% higher, snapping a three-session losing streak. The broader S&P500 dipped -0.01%, with Communication Services (down -0.98%) leading five of the eleven primary sectors lower. Energy (up +0.94%) sat atop the primary sector leaderboard, with Devon Energy up +1.90%, Marathon Oil +1.49% and Occidental Petroleum +1.44%. The Nasdaq slipped -0.20%, with Alphabet Inc (-1.80%), Amazon.com Inc (-0.57%), Meta Platforms Inc (down -0.65%) and Microsoft Corp (-0.13%) all weaker. The small capitalisation Russell 2000 rose +0.51%.

Morgans AM: Monday, 21 August 2023

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, 21 August 2023

Morgans Financial Limited

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