A daily bulletin featuring an overnight sharemarket summary and economic news from across the globe, broadcast in the Morgans studio before the Australian stock market opens each morning.

Morgans AM: Your pre-market briefing

US equity markets retreated on Friday (21 January), with the selling once again intensifying into the close of the session and with technology stocks under fresh selling pressure - Dow down -450-points or -1.30% . The broader S&P500 -1.89% to sit ~8.7% below its 4 January intra-day peak (4,818.62), with Communication Services (down -3.88%) and Consumer Discretionary (-3.10%) falling over >3% to lead nine of the eleven primary sectors lower. Consumer Staples (up +0.02%) was the only primary sector to advance. The Nasdaq dropped -2.72% to 13,768.92. The technology-centric index is down ~15% from its record close on 19 November (16,017.23), nearing the 20% decline from a recent peak that would meet the commonly used definition for a bear market. Netflix Inc slumped -21.79% after reporting slowing subscriber growth after the close of last Thursday’s (20 January) session. Walt Disney Co, with its Disney+ and Hulu services, fell -6.94% and streaming-device maker Roku Inc -9.10%. The small capitalisation Russell 2000 lost -1.78%.

Morgans AM: Monday, 24 January 2022

Money News

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

US equity markets retreated overnight, reversing earlier gains as investors digested the latest monetary policy announcements from the Federal Reserve - Dow added +87-points or +0.2%, unwinding an earlier rally of over >500-points. Amazon.com Inc climbed +2.17% after reporting better-than-expected first-quarter earnings after the close of the previous session, underpinned by growth in its cloud computing and advertising businesses. Johnson & Johnson rose +4.56% after proposing a US$6.5B settlement that would resolve nearly all outstanding talc ovarian cancer lawsuits it faces.

Morgans AM: Thursday, 2 May 2024

Morgans AM: Friday, 3 May 2024

US equity markets rallied on Friday (3 May) after the latest jobs data printed weaker-than-expected for the first time in four months, with all three benchmark indices rising over >1% on the same day for the first time since 22 February  - Dow rallied +450-points or +1.18%. Apple Inc gained +5.98%, with the iPhone maker logging its best single session gain since 30 November, 2022 after unveiling stronger-than-expected fiscal second quarter result after the close of the previous session that included a record US$110B share buyback programme. Amgen Inc +11.82% - its best single session advance since 2009 - after the biopharmaceutical giant posted quarterly earnings that came in ahead of expectations and provided a positive update about trials of its injectable weight-loss drug MariTide after the close of last Thursday’s (2 May) session.

Morgans AM: Monday, 6 May 2024

US equity markets advanced, building on last Friday’s (3 May) strong gains - Dow extended gains into a fourth straight session, up +177 points or +0.46%. Walt Disney Co (up +2.47%) was the leading performer in the 30-stock index ahead of the release of its fiscal second quarter result tonight AEST.

Morgans AM: Tuesday, 7 May 2024

US equity markets settled with modest gains overnight - Dow edged +32-points or +0.08%, recording its fifth consecutive session gain and longest  winning streak since 19 December last year (that has lifted the 30-stock index +2.8%). Apple Inc (up +0.38%) hosted a product launch event overnight called ‘Let Loose’, unveiling an iPad Pro powered by its new M4 chip capable of running artificial intelligence (AI) applications locally. Apple called the latest iPad Pro an "outrageously powerful device for artificial intelligence," that with the M4 chip features Apple’s "most powerful Neural Engine ever." Apple said the "Neural Engine in M4 is more powerful than any neural processing unit in any AI PC today."

Morgans AM: Wednesday, 8 May 2024

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, 24 January 2022

Morgans Financial Limited

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