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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Monday 5 August 2024
Description: US equity markets tumbled for a second straight session after a weak jobs report further stocked fears of a recession – Dow fell -611-points or -1.51%. Intel Corp tumbled -26.06% after the chipmaker announced a wider-than-expected quarterly loss after the close of last Thursday’s (1 August) session and said it would lay off 15% of its staff as part of a massive cost-cutting effort. Amazon.com Inc -8.78% after the e-commerce giant reported weaker-than-anticipated quarterly revenue and issued soft guidance for the current quarter after the close of the previous session.