Morgans AM: Wednesday, 19 October 2022


Manage episode 344575087 series 1086780
بواسطة Morgans Financial Limited and Morgans Financial، اكتشفه Player FM ومجتمعنا ـ حقوق الطبع والنشر مملوكة للناشر وليس لـPlayer FM، والصوت يبث مباشرة من خوادمه. اضغط زر الاشتراك لمتابعة التحديثات في Player FM، أو ألصق رابط التغذية الراجعة في أي تطبيق بودكاست آخر.
Some further encouraging corporate earnings releases lifted US equity markets for a second session - Dow gained +338-points or +1.12%, Salesforce Inc jumped 4.31% after CNBC reported that activist investor Starboard Value LP had taken a “significant” stake in the software company and reportedly urged management to lift margins. The broader S&P500 +1.14%, with Industrials (up +2.36%), Materials (+1.91%), Utilities (+1.79%) and Financials (+1.64%) all up over >1.5% to lead all eleven primary sectors higher. The Nasdaq rallied +1.48%. Apple Inc rose +0.94% despite a report from tech news site The Information saying that the company has cut production of the iPhone 14 Plus, one of four new models the company introduced in early September. The article said that at least one component supplier in China has been told to immediately halt production of parts for the Plus. Microsoft Corp added +0.41% amid reports from both Axios and Business Insider that the technology giant is laying off nearly 1,000 workers across multiple divisions. Microsoft is scheduled to release quarterly earnings on 25 October. The small capitalisation Russell 2000 gained +1.16%.

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