US equity markets retreated as Federal Reserve Chair Jerome Powell signaled that the strength of the economy could warrant some patience with future rate cuts.- Dow fell -207-points or 00.47%. The Federal Trade Commission (FTC) is preparing to launch an investigation into anti-competitive practices at Microsoft’s cloud computing business, as the US regulator continues to pursue Big Tech in the final days of Joe Biden’s presidency. The FTC is examining allegations that Microsoft is abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service to competitors’ platforms, said people with direct knowledge of the matter.

US equity markets settled little changed as investors digested a benign October inflation report - Dow added +47-points or +0.11%, unwinding an earlier rally of as much as +230-points. Amazon.com Inc (up +2.48%) and Chevron Corp (+2.21%) both gained over >2%. Boeing Co (down -3.58%) was the worst performer in the 30-stock index overnight.

Morgans AM: Wednesday, 13 November 2024 by Morgans Financial

The benchmark US indices edged their way to fresh record highs, with the Dow and S&P 500 settling above 44,000 and 6,000 respectively for the first time ever - Dow gained +304-points or +0.69% to 44,293.13. Salesforce Inc (up +6.14%) was the leading performer in the 30-stock index, while Goldman Sachs Group Inc (+2.22%) and Honeywell International Inc (+2.62%) gained over >2%.

This week, host Chris Titley speaks with Robert Bruce, Portfolio Manager at Acorn Capital. With extensive expertise in investment strategy and portfolio management, Robert brings a wealth of experience in identifying high-potential opportunities across a range of asset classes.

US equity markets extended their rally, lifting the benchmark indices to fresh record highs to cap their best week in a year following Donald Trump’ sweeping election victory and after the Federal Reserve cut its benchmark interest rate by -25 basis points - Dow rose +260-points or +0.59% to 43,988.99, briefly crossing 44,000 for the first earlier in the session. Salesforce Inc +3.59% was the leading performer in the 30-stock index on Friday (8 November). Nvidia Corp (down -0.84%) became a member of the Dow on Friday (8 November), replacing beleaguered chipmaker Intel Corp (-0.11%). Paint maker Sherwin-Williams Co (up +0.70%) also joined the blue-chip index, supplanting chemical giant Dow Inc (-4.93%).

The post-election rally rolled on, lifting the S&P 500 and Nasdaq to fresh record highs for a second session in-a-row as investors also digested the latest rate cut and monetary policy pronouncements from the Federal Reserve. - Dow flat.

The benchmark US equity indices roared to fresh all-time highs following a resounding election victory for the Republican party and president elect Donald Trump - Dow soared +1-508 points or +3.57% to 43,729.93. Investment banks Goldman Sachs Group Inc (+13.10%) and JPMorgan Chase & Co (11.54%) to be the leading performers in the 30-stock index, while American Express Co (up +6.97%), Caterpillar Inc (+8.74%) and Intel Corp (7.42%) all gained over >6.5%

Large capitalisation technology stocks led US equity markets higher as investors awaited the results U.S. presidential election - Dow rose +427-points or +1.02%. Intel Corp rose +3.55%, more than recouping the previous session’s -2.93% decline to be the leading performer in the 30-stock index. Goldman Sachs Group Inc rose +3.03%. Boeing Co lost -2.62% despite workers voting by 59% to end their strike and return to work, securing a 38% raise over the next four years and paving the way for the troubled manufacturer’s Washington factories to restart production.

This week, host Chris Titley chats with Chris Stott, Chief Investment Officer and Portfolio Manager at 1851 Capital. With deep expertise in investment strategy and portfolio management, Chris brings a wealth of experience in identifying high-potential opportunities across various asset classes.

Morgans AM: Tuesday 5 November 2024 by Morgans Financial