EPISODE · May 9, 2024 · 7 MIN

Morgans AM: Friday, 10 May 2024

from Morgans Financial Limited (Imports from Soundcloud) · host Morgans Financial Limited

US equity markets advanced as the latest weekly jobless claims figures fuelled fresh optimism around Federal Reserve interest rate cuts - Dow rallied +331-points or +0.85% to 39,387.76 to book its seventh consecutive session advance and highest close since 1 April. The 30-stock index also settled within 1.1% of its 28 March record closing high (39,807.37). Home Depot Inc (up +2.54%) and Caterpillar Inc (+2.11%) climbed over >2% to be the leading index components overnight.

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Morgans AM: Friday, 10 May 2024

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