US equity markets - Dow fell -530-points or -1.63%, unwinding an earlier rally of ~200-points. The broader S&P500 -1.65%, having been up as much as +0.90% at its session peak. Real Estate (down -3.64%), Financials (-2.44%), Consumer Discretionary (-2.20%) and Energy (-2.11%) all fell over >2% to lead all eleven primary sectors lower. The Nasdaq -1.60%, having traded as +1.3% higher earlier in the session.  The small capitalisation Russell 2000 lost -2.83%.  Coinbase Global Inc fell over >13% in extended trading (extending an -8.16% decline recorded in regular trading) after the Securities and Exchange Commission (SEC) issued the cryptocurrency exchange a Wells notice, warning that it identified potential violations of U.S. securities law.

Morgans AM: Thursday, 23 March 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: Thursday, 23 March 2023

Morgans Financial Limited

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