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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Thursday 8 August 2024
Description: •US equity markets retreated, relinquishing earlier session gains and capping the worst 5-day start to a month for the Dow and S&P 500 since January 2016 - Dow fell -234-points or -0.60%,. Intel Corp fell -4.24% following a fresh broker downgrade (with analysts at Mizuho Securities cutting their recommendation to ‘Neutral’ from ‘Outperform’ and writing of “a tough road ahead to regain leadership”), extending the semiconductor company’s 5-day slide to -43.6%. •The broader S&P500 lost -0.77%, with Consumer Discretionary (-1.39%), Materials (-1.39%), Information Technology (-1.36%) and Health Care (-1.07%) all declining over >1% to lead seven of the eleven primary sectors lo...