Morgans AM: Monday, 2 September 2024

US equity markets advanced on Friday (30 August) to cap one of the most volatile months of trading in years - Dow rose +228-points or +0.55% to 41,563.08 to log its fourth record closing high of the week. Intel Corp rallied +9.49% following a Bloomberg report that the chipmaker is considering the spin-off or sale of its foundry business. Goldman Sachs Group Inc rose +0.62%, with the Wall Street Journal reporting that the investment bank is cutting as many as 1,800 of its employees as part of a planned 3% to 4% staff reduction following the bank’s annual performance-review process.