Morgans AM: Monday, 7 October 2024

• US equity markets rallied as investors welcomed a stronger-than-expected monthly jobs report that bolstered hopes of a so-called soft landing for the US economy and a suspension of the U.S. dockworkers strike - Dow rose +341-points or +0.81% to a fresh record closing high of 42,352.75. JP Morgan Chase & Co (up +3.55%) and American Express Co (+3.02%) rose over >3% to be the leading performers in the 30-stock index on Friday (4 October). Boeing Co rose +2.98% after its joint venture with Lockheed Martin Corp (down -0.11%), United Launch Alliance, successfully completed the second launch of its new Vulcan rocket.