Morgans AM: Monday, 8 April 2024

US equity markets climbed on Friday (5 April) after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates - Dow rose +307-points or +0.80%. Amazon.com Inc climbed +2.82% as a Wedbush survey showed nearly 60% of respondents intended to increase their spending on the platform in 2024, the most of any retailer in the survey. However, Intel Corp fell -2.57%, extending losses into a fifth consecutive session as investors continued to digest its disappointing foundry business financials.