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

The Nasdaq Composite and S&P 500 closed sharply lower as chipmakers and large-capitalisation technology companies tumbled amid reports the Biden administration is considering tightening restrictions on exports of semiconductor equipment to China - Dow rose +244-points or +0.59% to 41,198.08, logging a second straight record closing high. UnitedHealth Group Inc rallied +4.45% to be the leading performer in the 30-stock index for a second session running and building on the previous day’s +6.5% gain after the insurer reported a better-than-expected second quarter result. “Magnificent Seven” members Apple Inc (down -2.53%), Amazon.com Inc (-2.64%) and Microsoft Corp (-1.33%) all retreated

Morgans AM: Thursday, 18 July 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: Thursday, 18 July 2024

Morgans Financial Limited

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