Morgans AM: Monday 11 March 2019

Morgans Financial Limited

US equity markets fell for a fifth straight session on Friday (8 March) to leave all three key indices nursing losses of over >2% for the week - Dow down -23-points or -0.09%, paring an earlier fall DowDuPont Inc. reversed direction to rise +0.3% after the board of the materials and chemicals giant approved the separation of its materials science division, setting up the creation of a new publicly traded firm called Dow. The new firm is set to trade independently on or about 20 March. The broader S&P500 -0.21%, with the energy (down -1.95%) and consumer discretionary (-0.66%) leading the declines. The technology-centric NASDAQ slipped -0.18%. The five-session skid for the Dow represents its lengthiest since an eight-session skid ended 21 June last year, while the five session decline for the S&P 500 was its longest since a similar streak ended on 14 November. For the Nasdaq, the five days of losses represented its longest skid since 25 April, 2018. For the week, the Dow -2.21%, S&P500 -2.16% and Nasdaq -2.46%