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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Monday, 20 February 2023
Description: US equity markets mostly weaker on Friday (17 February) as robust economic data and hawkish commentary from Federal Reserve officials continued to fan investor fears that the Federal Reserve will need to apply a brake to the US economy for longer than anticipated just last month - Dow rose +130-points or +0.39%, with biotechnology company Amgen Inc (up +2.69%) and diversified health care company UnitedHealth Group Inc (+2.41%) among the leading index performers. The broader S&P500 eased -0.28%, with Energy (down -3.65%) the major drag. The more defensive Consumer Staples (+up +1.29%) and Utilities (+1.00%) outperformed. Tesla Inc rose +3.10%, with Bloomberg reporting after the close...