Morgans AM: Friday, 11 June 2021

6:18
 
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Manage episode 294637278 series 1086780
By Morgans Financial Limited and Morgans Financial. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Benchmark US equity markets advanced, shrugging off the latest evidence of accelerating inflation - Dow inched +19-points or +0.06% higher. The broader S&P500 added +0.47% to settle at a fresh record closing high of 4,239.18, also touching a fresh record intra-day high (4,249.74) earlier in the session. Healthcare (up +1.69%) led seven of the eleven primary sectors higher. Financials (down -1.12%) was the worst performing primary sector. RH (formerly known as Restoration Hardware) soared +15.67% after the home furnisher posted a better-than-expected first quarter result after the close of the previous session and lifted its fiscal full year sales.

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