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Morgans AM: Monday 19 June 2017

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Manage episode 181329036 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 markets closed narrowly mixed last Friday night, with Amazon.com Inc (up +2.44%) dominating the headlines after announcing it will acquire Whole Foods Market Inc (up +29.10%) for US$13.7B (or US$42/share all cash, an ~27% premium to last Thursday's closing price) - Dow edged +24-points or +0.11% higher to a fresh record closing high despite Wal-Mart's -4.65% decline, while broader S&P500 inched +0.03% higher (with a weak Consumer Staples sector (down -1%) capping gains). NASDAQ slipped -0.22%. Friday's session also marked quarterly "quadruple witching", the simultaneous expiration of stock index futures, stock index options, stock options and stock futures (which can sometimes boost market volatility. Both the Dow (+0.53%) and S&P500 (+0.06%) notched weekly gains, while the Nasdaq fell -0.90%.
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3070 episodes

Artwork
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Manage episode 181329036 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 markets closed narrowly mixed last Friday night, with Amazon.com Inc (up +2.44%) dominating the headlines after announcing it will acquire Whole Foods Market Inc (up +29.10%) for US$13.7B (or US$42/share all cash, an ~27% premium to last Thursday's closing price) - Dow edged +24-points or +0.11% higher to a fresh record closing high despite Wal-Mart's -4.65% decline, while broader S&P500 inched +0.03% higher (with a weak Consumer Staples sector (down -1%) capping gains). NASDAQ slipped -0.22%. Friday's session also marked quarterly "quadruple witching", the simultaneous expiration of stock index futures, stock index options, stock options and stock futures (which can sometimes boost market volatility. Both the Dow (+0.53%) and S&P500 (+0.06%) notched weekly gains, while the Nasdaq fell -0.90%.
  continue reading

3070 episodes

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