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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Wednesday, 4 October 2023
Description: US equity markets fell sharply, with the Dow cementing its sharpest single session decline since the March banking crisis as the bond market came under renewed selling pressure following the latest stronger-than-expected labour market data - Dow fell -431-points or -1.29% to 33,002.38, marking the 30-stock index’s lowest close since 31 May. Goldman Sachs Group Inc (down -3.89%) and American Express Co (-2.96%) were the worst performing Dow components overnight. The latest fall also pulled the index into negative territory for the year (down -0.44%).