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Morgans AM: Friday, 31 May 2024

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Manage episode 421224886 series 1086780
Content provided by Morgans Financial Limited and Morgans Financial. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morgans Financial Limited and Morgans Financial or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US equity markets - Dow fell -330-points or 0.86%. Salesforce Inc slumped over >19.74% in extended trading after the cloud client relationship management software group provided weaker-than-expected fiscal second quarter and full year guidance after the close of the previous session. Technology giants Microsoft Corp (down -3.38%) and Amazon.com Inc (-1.48%) were weaker amid a broader sell-off for the sector. Verizon Communications Inc rose +3.15% after being awarded a 10-year U.S. Navy contract valued at more than >US$2.6B. The broader S&P500 lost -0.60%, with the losses concentrated in the Information Technology sector (down -2.45%). Nine of the elven primary sectors advanced, with Real Estate (up +1.51%) and Utilities (+1.41%) rising over >1%.
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3133 episodes

Artwork
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Manage episode 421224886 series 1086780
Content provided by Morgans Financial Limited and Morgans Financial. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morgans Financial Limited and Morgans Financial or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US equity markets - Dow fell -330-points or 0.86%. Salesforce Inc slumped over >19.74% in extended trading after the cloud client relationship management software group provided weaker-than-expected fiscal second quarter and full year guidance after the close of the previous session. Technology giants Microsoft Corp (down -3.38%) and Amazon.com Inc (-1.48%) were weaker amid a broader sell-off for the sector. Verizon Communications Inc rose +3.15% after being awarded a 10-year U.S. Navy contract valued at more than >US$2.6B. The broader S&P500 lost -0.60%, with the losses concentrated in the Information Technology sector (down -2.45%). Nine of the elven primary sectors advanced, with Real Estate (up +1.51%) and Utilities (+1.41%) rising over >1%.
  continue reading

3133 episodes

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