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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM: Thursday, 17 October 2024
Description: US equity markets advanced amid a broad rally following some strong quarterly results - Dow gained +337-points or +0.79% to a fresh record closing high of 43,077.70. Cisco Systems Inc gained +4.25% to be the leading performer in the 30-stock index after analysts at Citi raised their recommendation on the networking company to ‘Buy’ from ‘Neutral’ and raised their target to US$62 from US$52, saying the company is in position to benefit from the spread of artificial intelligence (AI). UnitedHealth Group Inc (+2.71%), Visa Inc (+2.95%) and Walt Disney Co (+2.69%) all climbed over >2.5%. Meanwhile, Amazon.com Inc (down -0.43%) became the latest big technology company to buy i...