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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Friday, 19 May 2023
Description: US equity markets rallied, with the S&P500 and Nasdaq logging their highest closes since August last year amid reports of further progress in resolving the debt-ceiling debate in Congress - Dow rose +115-points or +0.34%, The broader S&P500 gained +0.94%, with Information Technology (up +2.06%) leading seven of the eleven primary sectors higher. The Nasdaq rallied +1.51%. Apple Inc (+1.37%) and Google-parent Alphabet Inc (+1.68%) advanced to log their highest settlements since April last year. Nvidia Corp gained +4.97% to US$316.78, marking the chipmaker’s highest close since 8 December, 2021 and ~5% below its all-time closing high of US$333.76 set on 29 November, 2021. The latest rally – which sees the...