US equity markets settled with modest gains as investors digested the minutes from the Federal Reserve’s mid-June monetary policy meeting that saw central bank officials reiterate their resolve to aggressively tackle inflation - Dow added +70-points or +0.23%, The broader S&P500 gained +0.36%, with Utilities (up +1.01%) and Information Technology (+0.88%) leading eight of the eleven primary sectors higher. Energy dropped -1.74% to sit at the foot of the primary sector leaderboard for a second straight session. The Nasdaq rose +0.35%. Microsoft Corp rose +1.28% despite the Associated Press reporting that its acquisition of game publisher Activision Blizzard Inc (down -0.63%) will face antitrust scrutiny in the U.K., after regulators said Wednesday (6 July) they opened an initial inquiry into the US$69B deal. The small capitalisation Russell 2000 lost -0.79%.

Morgans AM: Thursday, 7 July 2022

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, 7 July 2022

Morgans Financial Limited

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