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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Friday, 24 May 2024
Description: US equity markets retreated, reversing earlier gains as the latest ‘flash’ purchasing managers indices (PMIs) fuelled fresh interest rate concerns and overshadowed a renewed rally for chipmaking giant Nvidia Corp - Dow dropped -606-points or -1.53%, marking the largest daily percentage decline since 22 March and with all of the 30-stock index’s components settling in the red. Boeing Co shed -7.55% after Chief Financial Officer (CFO) Brian West addressed an investor conference in New York and warned investors that the company’s second-quarter cash burn could match or be worse than the first quarter’s US$3.9B burn and that produ...