Morgans AM: Monday, 6 March 2023

US equity markets rallied, recording their biggest one-day gains in at least a month on Friday (3 March) after Treasury yields retreated from recent highs ahead of a week that sees the US labour market take centra stage - Dow gained +387-points or +1.17%, The broader S&P500 rose +1.61%, with Information Technology (up +2.14%), Consumer Discretionary (+2.12%) and Communication Services (+2.10%) gaining over >2% to lead all eleven primary sectors higher. The Nasdaq rallied+1.97%. The small capitalisation Russell 2000 gained +1.35%.