Morgans AM: Friday, 5 April 2024

Morgans Financial Limited

US equity markets fell sharply amid fresh concerns Federal Reserve's ability to cut interest rates this year against a backdrop of inflationary pressures including climbing oil prices, and ahead of key jobs figures tonight AEST - Dow down -530-points or -1.35%, extending its decline into a fourth straight session and marking the index’s worst daily percentage drop since 22 March, 2023. Only two of the index’s 30 components settled in positive territory, with Chevron Corp up +0.16% and +%. Boeing Co fell -0.88% following reports it was in talks with competitor Airbus SE to divide the operations of contractor Spirit AeroSystems Holdings Inc (+0.47%). Walt Disney Co (down -1.59%) Chief Executive Officer (CEO) Bob Iger aid Disney+ will be cracking down on password sharing in June, following Netflix Inc's (down -2.05%) lead to boost streaming service profitability.