US equity markets mixed as investors eyed third-quarter results from chip giant Nvidia Corp after the closing bell and monitored geopolitical tensions with Russia - Dow rose +140-points or +0.32%, snapping a four session losing streak. Unitedhealth Group Inc rallied +4.07% to be the leading performer in the 30-stock index, while Amgen Inc (+2.83%) and International Business Machines (IBM) Corp (+2.07%) both rose over >2%.

Morgans AM: Thursday, 21 November 2024

US equity markets advanced, with cyclical stocks leading the latest rally amid hopes of an accelerating broader economy and rotation out of technology stocks - Dow rose +462-points or +1.06% International Business Machines (IBM) Corp (up +3.63%) and Sherwin Williams Co (+3.14%) both gained over >3%. Nvidia Corp added +0.53% to US$146.67 after a volatile session, paring an earlier rally of as much as 5% that lifted the chipmaker to a fresh record intra-day high (US$152.89) a day after the release of the ‘Magnificent Seven’ member’s fiscal third quarter result. 

Morgans AM: Friday, 22 November 2024

US equity markets advanced, underpinned by a fresh outperformance for industrial and small capitalisation names  - Dow rose +426-points or +0.97% to a record closing high of 44,296.51. Boeing Co +4.10% was the leading Dow component on Friday (22 November). Nike Inc rose +3.06%  Nvidia Corp -3.22% was the worst performer in the 30-stock index and one of just five (5) Dow components to settle in the red on Friday (22 November). Amazon.com Inc lost -0.64% 

Morgans AM: Monday, 25 November 2024

US equity markets advanced and bond yields retreated as investors digested President-elect Donald Trump’s nominee for Treasury secretary, Key Square Capital Management founder Scott Bessent - Dow gained +440-points or +0.99% to 44,736.57, recording its 45th record closing high of the year. Recent Dow inclusion Sherwin-Williams Co was the leading performer in the 30-stoc index overnight, while Boeing Co (+2.55%) and Unitedhealth Group Inc (+2.53%) both rose ~2.5%. Nvidia Corp fell -4.18% to be the worst performer in the Dow overnight. 



Morgans AM: Tuesday, 26 November 2024

Both the Dow and S&P 500 settled at fresh record closing highs as investors digested results from a host of retailers and awaited quarterly earnings from some technology companies after the closing bell  - Dow added +124-points or +0.28% to 44,860.31, with Amazon.com Inc (up +3.18%) the leading performer in the stock index. 3M Co (+2.02%), Microsoft Corp (+2.2%) and Walmart Inc (+2.02%) all gained over >2%.  Amgen Inc fell -4.76% to be the worst performer in the Dow overnight after data from a Phase 2 study for its experimental weight-loss drug, MariTide, recorded up to 20% average weight loss at 52 weeks, below analysts’ estimates of a weight-loss reduction up to ~25%.

Morgans AM: Wednesday 27 November 2024

Technology stocks led US equity markets lower ahead of the Thanksgiving holiday - Dow eased -138-points or -0.31%. Salesforce Inc fell -3.84%, while ‘Magnificent Seven’ members Amazon.com Inc  (down -1.02%), Microsoft Corp (-1.17%) and Nvidia fell (-1.15%) all fell over >1% 

Morgans AM: Thursday, 28 November 2024

US equity and bond markets were CLOSED overnight for the Thanksgiving holiday, while tonight AEST sees an abbreviated trading session.

Morgans AM: Friday, 29 November 2024

Both the Dow and S&P500 set fresh record intra-day and closing highs in an abbreviated ‘Black Friday’ session, logging their best monthly performances of the year - Dow rose +189-points or +0.42% to 44,910.65, notching its 47th record close of the calendar year-to-date. Nvidia Corp rose +2.15% top be the leading Dow component. Walmart Inc rose +0.67% and touched its highest level (US$92.64) since it first began trading on the New York Stock Exchange (NYSE) in August 1972.



Morgans AM: Monday, 2 December 2024

In our second episode of Executive Focus, Chris sits down with Steven Kowal, CEO of Atturra. Steven shares insights into his leadership journey and how he has driven Atturra’s rapid growth since 2019, both organically and through strategic acquisitions. With extensive experience in executive management across IT software and services, Steven reflects on the challenges and opportunities he's faced throughout his career, including his roles as a sales director at a US-based IT company and as a CIO both in Australia and internationally.

Executive Focus - Episode 2 - Steven Kowal (Atturra)

US equity markets advanced to open the final month of the year on a positive footing, with the S&P 500 and Nasdaq logging fresh intra-day and record closing highs - Dow fell -129-points or -0.29%, with Amgen Inc (down -1.69%), Honeywell International Inc (-1.28%, sliding further in after-hours trading after the company lowered its earnings and free cash flow guidance for 2024), JPMorgan Chase & Co (-1.39%), Merck & Co (-1.01%) and Verizon Communications Inc (-1.11%) all down over >1%. Technology giants Amazon.com Inc (up +1%), Apple Inc (+0.95%) and Microsoft Corp (+1.78%) were the leading performers in the 30-stock index.

Morgans AM: Tuesday, 3 December 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.

New tracks tagged #ASX