Morgans AM: Wednesday, 16 June 2021

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Manage episode 295086459 series 1086780
By Morgans Financial Limited and Morgans Financial. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
US equity markets retreated as investors digested some mixed economic data and eyed the conclusion of the Federal Reserve’s two day monetary policy meeting, with the S&P 500 and Nasdaq pulling back from the record closing highs logged in the previous session - Dow down -94-points or -0.27% . The broader S&P500 eased -0.20% after touching a fresh record intra-day high (4,257.16) earlier in the session, with Real Estate (down -1.04%) and Information Technology (-0.64%) the worst performing primary sectors. Energy (up +2.06%) was comfortably the leading the primary sector performer. The Nasdaq fell -0.71%, with Apple Inc (down -0.64%), Alphabet Inc (-0.25%), Amazon.com Inc (-0.02%) and Microsoft Corp (-0.59%) all registering losses The small capitalisation Russell 2000 slipped -0.26%.

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