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Morgans AM: Wednesday,12 June 2024

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Manage episode 423085358 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.
The S&P 500 and Nasdaq shrugged off earlier session declines to log fresh record intra-day and closing highs ahead of a double feature of market-moving economic events tonight AEST – namely, inflation figures and the Federal Reserve’s latest monetary policy pronouncements - Dow eased -121-points or -0.31%, with American Express Co (down -3.4%) the worst performer in the 30-stock index. Boeing Co fell -2.43% after the jet maker reported deliveries and orders tumbled in May. The company received just one new order for four jets last month, compared to seven planes across three orders in April. Boeing delivered 24 planes last month, down from 50 in May 2023. Nineteen of those aircraft were 737 MAX jets, three more than in April but 16 fewer than in the prior year. The company’s backlog declined to 5,625 in May from 5,646 in April. Goldman Sachs Group Inc (-2.05%) and JPMorgan Chase & Co (-2.63%) fell over >2%.
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3115 episodes

Artwork
iconShare
 
Manage episode 423085358 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.
The S&P 500 and Nasdaq shrugged off earlier session declines to log fresh record intra-day and closing highs ahead of a double feature of market-moving economic events tonight AEST – namely, inflation figures and the Federal Reserve’s latest monetary policy pronouncements - Dow eased -121-points or -0.31%, with American Express Co (down -3.4%) the worst performer in the 30-stock index. Boeing Co fell -2.43% after the jet maker reported deliveries and orders tumbled in May. The company received just one new order for four jets last month, compared to seven planes across three orders in April. Boeing delivered 24 planes last month, down from 50 in May 2023. Nineteen of those aircraft were 737 MAX jets, three more than in April but 16 fewer than in the prior year. The company’s backlog declined to 5,625 in May from 5,646 in April. Goldman Sachs Group Inc (-2.05%) and JPMorgan Chase & Co (-2.63%) fell over >2%.
  continue reading

3115 episodes

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