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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Friday, 11 August 2023
Description: US equity markets settled little changed, with all three benchmark indices relinquishing earlier gains of over >1% as investors balanced softer inflation figures against a weaker-than-expected 30-year bond auction - Dow eked out a +3-point gain to 35,126.12, paring an earlier rally of as much as +450-points. Walt Disney Co rallied +4.88% despite a mixed fiscal third quarter result released after the close of the previous session, with the company announcing an upcoming price hike for ad-free Disney+ subscriptions. The broader S&P500 inched +0.03% higher, with gains for Communication Services (up +0.43%) and Consumer Discretionary (+0.28%) largely offset by declines for Utilities (down -0.32%) and...