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Morgans AM: Friday 9 August 2019

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Manage episode 239519908 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.
The benchmark US equity indices rallied and settled near their best levels of the session, with some strong China trade data helping lift investor sentiment - Dow up +371-points or +1.43% Caterpillar Inc gained +1.03%, shrugging off a downgrade from Goldman Sachs (who lowered their target price to US$130 from US$156). The broader S&P500 +1.88%, NASDAQ +2.24%, with Advanced Micro Devices Inc soaring +16.2% after the semiconductor manufacturer said Google and Twitter Inc are using the second generation of the company's EPYC chips, which are designed for high-performance uses like in the cloud or inside large enterprises. The gains marked the best session for the three benchmark indices since 4 June and lifted both the S&P500 and Nasdaq into positive territory for the week thus far.
  continue reading

3060 episodes

Artwork
iconShare
 
Manage episode 239519908 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.
The benchmark US equity indices rallied and settled near their best levels of the session, with some strong China trade data helping lift investor sentiment - Dow up +371-points or +1.43% Caterpillar Inc gained +1.03%, shrugging off a downgrade from Goldman Sachs (who lowered their target price to US$130 from US$156). The broader S&P500 +1.88%, NASDAQ +2.24%, with Advanced Micro Devices Inc soaring +16.2% after the semiconductor manufacturer said Google and Twitter Inc are using the second generation of the company's EPYC chips, which are designed for high-performance uses like in the cloud or inside large enterprises. The gains marked the best session for the three benchmark indices since 4 June and lifted both the S&P500 and Nasdaq into positive territory for the week thus far.
  continue reading

3060 episodes

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