Morgans AM: Tuesday, 2 November 2021

Morgans Financial Limited

Fresh record closing highs for all three benchmark US equity indices to kick off November and ahead of a busy week of US corporate earnings and key economic data and central bank meetings - Dow up +94-points or +0.26% to 35,913.84, briefly trading above >36,000 for the first time earlier in the session and with Boeing Co (up +3.65%) and Dow Inc (+2.63%) among the leading index performers. The broader S&P500 edged +0.18% higher to 4,613.67, with Energy (up +1.55%) and Consumer Discretionary (+1.46%) lifting eight of the eleven primary sectors and offsetting declines for Information Technology (down -0.08%). Tesla Inc jumped +8.49% The Nasdaq gained +0.63% to 15,595.92 The small capitalisation Russell 2000 jumped +2.65%, recording its best single session performance since 27 August and within 0.1% of establishing its first record high since March. Harley-Davidson Inc jumped +9.07% after the European Union (EU) removed retaliatory tariffs on U.S. products including whiskey, power boats and company's motorcycles. The motorcycle maker was facing a European retaliatory tariff of 56%.