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Morgans AM: Wednesday 18 April 2018
Manage episode 203525320 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.
A positive round of corporate earnings drove the benchmark US indices to their best levels in ~1-month - Dow up +214-points or +0.87% and the broader S&P500 gained +1.07%, with all 11 primary sectors closing in positive territory. The technology-centric NASDAQ outperformed with a rise of +1.74%, with Netflix surging to a record high (up +9.2%) after their better-than-expected quarterly earnings in the previous session. However, Tesla fell -1.2% after the electric vehicle company confirmed it has halted production of its Model 3 auto for a second time. All three indices moved back above their 50-day moving averages. On the trade war front, China imposed a 179% import tax on US sorghum - a key agricultural export.
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Manage episode 203525320 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.
A positive round of corporate earnings drove the benchmark US indices to their best levels in ~1-month - Dow up +214-points or +0.87% and the broader S&P500 gained +1.07%, with all 11 primary sectors closing in positive territory. The technology-centric NASDAQ outperformed with a rise of +1.74%, with Netflix surging to a record high (up +9.2%) after their better-than-expected quarterly earnings in the previous session. However, Tesla fell -1.2% after the electric vehicle company confirmed it has halted production of its Model 3 auto for a second time. All three indices moved back above their 50-day moving averages. On the trade war front, China imposed a 179% import tax on US sorghum - a key agricultural export.
…
continue reading
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