Morgans AM: Friday, 1 November 2024

Technology stocks dragged US equity markets lower on the final trading day of October - Dow fell -378-points or 0.90%. Microsoft Corp (down -6.05%) was the worst performer in the 30-stock index following the release of the company’s third quarter result after the closing bell. The broader S&P500 dropped -1.86%, with Information Technology (down -3.57%) leading nine of the eleven primary sectors lower. Utilities (+1.04%) and Energy (+0.66%) the only major sectors to advance.