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Morgans AM: Wednesday, 1 May 2024

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Manage episode 415576651 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 retreated, extending losses in the final hour of trading as wage growth data dealt another blow to the Federal Reserve in its fight against inflation ahead of the central bank concluding its two-day monetary policy meeting tomorrow morning AEST - Dow fell -570-points or -1.49%, the largest one-day percentage decline for the 30-stock index since March 22, 2023. Economic bellwether Caterpillar Inc dropped -4.35%, while Boeing Co (-3.26%), Chevron Corp (-3.04%) and Microsoft Corp (-3.21%) fell over >3%. Walmart Inc fell -1.48% after announcing it was abandoning its push into low-cost health centres amid mounting costs.
  continue reading

3155 episodes

Artwork
iconShare
 
Manage episode 415576651 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 retreated, extending losses in the final hour of trading as wage growth data dealt another blow to the Federal Reserve in its fight against inflation ahead of the central bank concluding its two-day monetary policy meeting tomorrow morning AEST - Dow fell -570-points or -1.49%, the largest one-day percentage decline for the 30-stock index since March 22, 2023. Economic bellwether Caterpillar Inc dropped -4.35%, while Boeing Co (-3.26%), Chevron Corp (-3.04%) and Microsoft Corp (-3.21%) fell over >3%. Walmart Inc fell -1.48% after announcing it was abandoning its push into low-cost health centres amid mounting costs.
  continue reading

3155 episodes

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