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Podcast: Morgans Financial Limited (Imports from Soundcloud)
Episode: Morgans AM - Tuesday, 20 May 2025
Description: US equity markets advanced, reversing earlier losses as investors digested Moody Ratings’ decision after the close of trading last Friday (16 May) to downgrade the U.S.’s credit rating to Aa1 from Aaa - Dow rose +137-points or +0.32%, recovering from an earlier decline of -317-points. UnitedHealth Group Inc (up +8.21%) was the leading Dow component for a second straight session, continuing to rebound from steep losses last week that saw the stock fall over >20% and hit 5-year low last Thursday (15 May). The insurer disclosed after Friday's (16 May) close that new Chief Executive Officer (CEO) Stephen Hemsley spent US$25M to buy...