US equity markets mixed as investors continued to monitor progress on resolving the US government shutdown - Dow rose +327-points or +0.68% to 48,254.82, the 30-stock index’s first close above >48,000 after setting a fresh record intra-day peak (48,431.57). Goldman Sachs Group Inc (+3.54%) and United Health Group Inc (+3.55%) both rallied ~3.5%. In…

US equity markets mixed as investors continued to monitor progress on resolving the US government shutdown - Dow rose +327-points or +0.68% to 48,254.82, the 30-stock index’s first close above >48,000 after setting a fresh record intra-day peak (48,431.57). Goldman Sachs Group Inc (+3.54%) and United Health Group Inc (+3.55%) both rallied ~3.5%. In…

Morgans AM - Wednesday, 12 November 2025 by Morgans FinancialMorgans Financial

US equity markets rallied amid signs that a historic U.S. government shutdown could be nearing its end - Dow rose +382-points or +0.81% Nvidia Corp (up +5.79%) was the clear outperformer in the 30-stock index.Morgans Financial

US equity markets settled narrowly mixed on Friday (7 November), recovering from steeper declines earlier in the session to cap a volatile week - Dow added +75-points or +0.16%, recovering from an earlier slide of ~400-points or -0.9%. Coca-Cola Co (up +2.16%) and Sherwin-Williams Co (+1.95%) were the leading performers in the stock index.…

• Fresh selling in the technology sector led US equity markets lower overnight - Dow fell 399-points or -0.84%, with Salesforce Inc (down -5.31%) the worst performing component in the 30-stock index. So-called ‘Magnificent Seven’ mega-capitalisation technology companies Nvidia Corp (down -3.65%) and Amazon.com Inc (-2.86%) also fell sharply, while …

Technology stocks led a rebound for US equity markets - Dow rose +226-points or +0.48% Amgen Inc (up +7.81%) was the leading performer in the 30-stock index after the pharmaceutical company posted a better-than-expected third quarter result and raised its full-year sales outlook after the close of the previous session Economic bellwether Caterpilla…

• US equity markets retreated, with the Chief Executive Officers (CEOs) of investment banking giants Goldman Sachs Group Inc (up +0.68%) and Morgan Stanley (+0.22%) cautioning that equity markets could be heading for a drawdown of around 10% to 15% - Dow fell -251-points or -0.53%, with Caterpillar Inc (down -4.03%) and Nvidia Corp (-3.96%) both fa…

A mixed start to November for US equity markets ahead of another busy week of quarterly earnings releases - Dow fell -226-points or -0.48%, with Merck & Co Inc (down -4.06%) the worst performer in the 30-stock index. 3M Co (down -2.59%), UnitedHealth Group Inc (-2.27%) and Chevron Corp (-2.33%) all declined over >2%. Microsoft Corp (down -0.15%) an…

US equity markets advanced on Friday (31 October) after a choppy session to cap a solid week and month for the benchmark indices - Dow edged +41-points or +0.09% higher Apple Inc settled -0.38% lower at US$270.37, unwinding an gain that saw the mega-capitalisation technology stock touch a fresh record intraday high of US$277.32 after reporting bett…

• US equity markets settled mixed albeit the benchmark indices logged record intra-day highs for a third straight session as investors digested the latest monetary policy pronouncements from the Federal Reserve and eyed corporate earnings releases from three mega-capitalisation technology companies after the closing bell - Dow eased -74-points or -…

Morgans AM - Thursday, 30 October 2025 by Morgans FinancialMorgans Financial

Benchmark US equity indices advanced to book record closing highs for a third consecutive session - Dow rose +162-points or +0.34% to 47,706.37.Morgans Financial

US equity markets climbed to fresh record highs for a second consecutive session running on optimism that the U.S. and China will strike a trade deal when US President Trump meets Chinese President Xi Jinping on Thursday (30 October) at the Asia-Pacific Economic Cooperation summit in South Korea - Dow rose +337-points or +0.71% to a record closing …

Benchmark US equity indices rallied to fresh record highs after delayed inflation figures bolstered expectations for two interest rates cuts before calendar year end - Dow rose +473-points or +1.01% 47,207.12, booking its first close above 47,000 ever a logging a record intra-day high (47,326.73). International Business Machines (IBM) Corp rallied …

US equity markets advanced following another busy corporate earnings calendar and ahead of the release of delayed inflation figures tonight AEST - Dow rose +144-points or +0.31%. International Business Machines (IBM) Corp settled -0.87% lower, paring earlier, steeper losses following the release of an underwhelming third quarter result after the cl…

US equity markets declined as investors navigated another busy corporate earnings calendar and eyed fresh trade tensions between the US and China - Dow fell -334-points or -0.71% to 46,590.41 after a booking record closing (46,924.74) and intra-day (47,125.66) highs a day earlier.Morgans Financial

Beginning on the 1st of October 2025, the US government began its current Federal government shutdown.The shutdown occurred because Democratic Party Senators refused to support a Continuing Resolution to provide funding for the US government. At the time of writing, Republican Senators have now put up Continuing Resolutions for funding to the Senat…

Morgans AM - Wednesday, 22 October 2025 by Morgans FinancialMorgans Financial

US equity markets opened a busy week with sharp gains as investors eye a fresh round of third quarter earnings and inflation data at the end of the week - Dow rose +516-points or +1.12%, with Salesforce Inc (up +4.61%) the leading performer in the 30-stock index.Morgans Financial

• US equity markets advanced on Friday (17 October) as investors shook off concerns about the health of the banking sector and mulled comments from President Trump about threatened extra tariffs on Chinese goods - Dow rose +238-points or +0.52% . Apple Inc rose +1.6% after the technology giant said it scored an agreement with Formula 1 to broadcast…

US equity markets retreated, with regional banks under particular pressure - Dow fell -301-points or -0.65%, with Visa Inc (down -2.98%), Nike Inc (2.37%), Walmart Inc (-2.35% after hitting a fresh record intra-day high of US$109.575), JPMorgan Chase & Co (-2.34%) and American Express Co (-2.28%) all declining over >2%.…

US equity markets mostly firmer after a volatile session but settled well off their session highs - Dow dipped -17-points or -0.04%, unwinding an earlier rally of ~423-points.Morgans Financial

US equity markets mixed as investors digested the first major earnings of the third quarter reporting season, the latest developments in the US-China trade tensions and comments from Federal Reserve Chair Jerome Powell - Dow rose +203-points or +0.44% Walmart Inc rallied +4.98% to be the leading performer in the 30-stock index after the biggest bri…

US equity markets rebounded after President Trump appeared to soften his initial hardline on China that saw him say last Friday (10 October) that he was weighing a "massive increase" in tariffs, and with investors eying the unofficial beginning of the third quarter earnings season tonight AEST - Dow rose +588-points or +1.29%, clawing back ~67% of …

US equity markets fell sharply while US Treasury yields dropped and the U.S. dollar weakened on Friday (10 October) after President Trump said he was weighing a "massive increase" in tariffs on Chinese goods - Dow dropped -879-points or -1.90% to 45,479.60. ‘Magnificent Seven’ mega-capitalisation technology stocks Amazon.com Inc (down -4.99%) and N…

All three (3) major U.S. stock indexes closed lower on Thursday. Dow fell -243-points or -0.52%.Morgans Financial

US equity markets rebounded, with the S&P500 and Nasdaq booking fresh record intra-day and closing highs - Dow flat at 46,601.78. Caterpillar Inc (up +3.17%) was the leading performer in the 30-stock index. Nvidia Corp rose +2.20% after Chief Executive Officer (CEO) Jensen Huang said that demand has risen in recent months, telling CNBC that “this y…

Morgans Financial

Morgans Financial

US equity markets closed out the week on a mixed note albeit the Dow and S&P500 logged fresh record closing highs - Dow rose +239-points or +0.51% to 46,758.28 Nike Inc -3.54% Nvidia Corp lost -0.67% after hitting a record closing (US$188.89) and intra-day (US$191.05) high in the previous session.Morgans Financial

US equity indices advanced for a fifth consecutive session, with the three (3) leading indices booking a fresh round of record closing highs amid a global rally for semiconductor stocks after OpenAI announced South Korean firms SK Hynix (+9.86%) and Samsung Electronics Co Ltd (+3.49%) would partner with the ChatGPT maker on its Stargate AI infrastr…

US equity markets advanced, with the Dow and S&P500 posting record highs despite the federal government shutting down for the first time in six-years - Dow edged +88-points or +0.19% higher to book a second consecutive record closing high of 46,441.10. Nike Inc gained +6.41% after the athletic retail giant posted better-than-expected headline numbe…

Morgans AM - Wednesday, 1 October 2025 by Morgans FinancialMorgans Financial

US equity markets advanced overnight, shrugging off the potential threat of a US government shutdown and shaping to record an unusually strong September - Dow edged +69-points or +0.15% higher, with Nvidia Corp (up +2.05%) the leading performer in the 30-stock index. Chevron Corp (down -2.53%) was the weakest Dow component.…

US equity markets advanced on Friday (26 September), snapping a three session losing streak following benign - Dow rose +300-points or +0.65% Boeing Co (up +3.62%) was the leading performer in the 30-stock index on Friday (26 September) after the Federal Aviation Administration confirmed a report the plane maker will be allowed to issue airworthine…

US equity markets retreated, with the S&P500 and Nasdaq declining for a third consecutive session - Dow fell -174-points or -0.38%, with Amgen Inc (-2.88%), Nike Inc (-2.78%) and Merck & Co Inc (-2.6%) all falling over >2.5%.International Business Machines (IBM) Corp gained +5.20% to be the leading performer in the 30-stock index after financial pa…

US equity markets retreated for a second straight session, with investors booking some profits in the technology sector - Dow fell -172-points or -0.37% Amgen Inc -2.65% Goldman Sachs Group Inc (-1.72%) and International Business Machines (IBM) Corp (-1.73%) both fell ~1.7%.Morgans Financial

US equity markets retreated from record highs, snapping a three-session streak that saw the three main indices post record intra-day and closing highs - Dow slipped -89-points or -0.19% to 46,292.78 after logging a fresh record intra-day high (46,447.13) shortly after the opening bell. Amazon.com Inc (down -3.04%) was the worst performer in the 30-…

Updated Outlook on the Federal Reserve and Australian Cash RateIn recent days, several people have asked for my updated view on the Federal Reserve and the Fed funds rate, as well as the outlook for the Australian cash rate. So I thought I’d walk through our model for the Fed funds rate and explain our approach to the RBA’s cash rate.…

The benchmark US equity indices booked another round of fresh record intra-day and closing highs to open the week - Dow edged +66-points or +0.14% to 46,381.54. Apple Inc rallied +4.31% to be the leading performer in the 30-stock index following reports of strong demand for the iPhone 17 in its first weekend of sales, aided by consumers seeking to …

The three benchmark US equity indices advanced on Friday (19 September) to book fresh record intra-day and closing highs for a second consecutive session as the US and China advanced trade talks and the "Magnificent Seven" tech stocks continued to climb - Dow rose +173-points or +0.37% to 46,315.27 Apple Inc +3.20% as the company’s new iPhone 17 mo…

US equity indices logged fresh record closing highs, driven by fresh gains for the technology sector - Dow rose +124-points or +0.27% to 46,142.42, with Caterpillar Inc (up +3.62%) the leading performer in the 30-stock index and up over >7% in the past three trading sessions.Morgans Financial

The US equity markets advanced - Dow gained +260-points or +0.57% to 46,018.32, touching a record intra-day high of 46,261.95. Amazon.com Inc (up +2.74%) and Caterpillar Inc (+2.27%) both gained over >2% to be the leading performers in the 30-stock index.Morgans Financial

US equity markets settled with modest losses a day after both the S&P 500 and Nasdaq hit fresh record intra-day and closing highs as investors eye tomorrow morning’s AEST interest rate decision from the Federal Reserve - Dow fell -126-points or -0.27% UnitedHealth Group Inc (-2.33%) Nvuidoa Corp (-1.61%) and Travelers Companies Inc (-1.57%) all fel…

Both the S&P 500 and Nasdaq hit fresh record intra-day and closing highs ahead of the Federal Reserve’s latest two-day monetary policy meeting kicking off that is expected to see the central bank cut benchmark interest rates for the first time this year - Dow edged +49-points or +0.11% higher, with so-called ‘Magnificent Seven’ mega-capitalisation …

Morgans AM - Monday, 15 September 2025 by Morgans FinancialMorgans Financial

US stocks rose on Thursday as traders anticipated that the latest reading of a key consumer inflation gauge won't stand in the way of the Federal Reserve lowering its benchmark interest rate next week.Morgans Financial

US equity markets were mixed overnight - Dow fell 220 points or -0.48%, dragged down by tech heavyweights, Amazon and Apple, down -3.32% and -3.22% respectively.Morgans Financial

Benchmark US equity indices booked fresh record highs - Dow gained +196-points or +0.43% to 45,711.34. UnitedHealth Group Inc (up +8.64%) was the leading component in the 30-stock index (and S&P 500) after the health insurer estimated that 78% of its Medicare Advantage membership will be in top-rated Medicare plans next year and are likely to quali…