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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Monday, 28 August 2023
Description: US equity markets advanced after searching for direction earlier in last Friday’s (25 August) session as investors awaited Federal Chair Jerome Powell’s address in Jackson Hole - Dow rose +247-points or +0.73%, having rallied over >300-points at its session peak. Boeing Co (up +2.81%) was the leading Dow component on Friday (25 August) after Bloomberg reported that the that two aircraft slated for China have been taken out of storage and readied for delivery. The report, which cited people familiar with the matter, said that the handovers are expected “within weeks.” The broader S&P500 gained +0.67%, with Consumer Discretionary (up +1.10%) and Energy (+1.07%) climbing...