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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Tuesday, 16 May 2023
Description: US equity markets edged higher in subdued trading as investors awaited news about debt ceiling negotiations and assessed fresh data pointing to a cooling economy - Dow added +48-points or +0.14%, snapping a five session losing streak. The broader S&P500 rose +0.30%, with Materials (up +0.85%) and Financials (+0.82%) both rose over >0.8% to lead six of the eleven primary sectors higher. Utilities sat at the foot of the primary sector leaderboard with a -1.24% decline. The Nasdaq advanced +0.66%, with chipmaker NVIDIA Corp rallying +2.16%. Apple Inc (down -0.29%) saw its market capitalisation (~US$2.7 trillion) surpass that of the entire small capitalisation Russell 2000 on 27 April...