Morgans AM: Thursday, 31 October 2024

from Morgans Financial Limited · host Morgans Financial

US equity markets settled modestly weaker amid a deluge of quarterly earnings and fresh economic data and with investors eyeing third quarter results from two of the so-called ‘Magnificent Seven’ cohort after the closing bell - Dow slipped -92-points or 0.22% unwinding an earlier rally of almost +225-points. International Business Machines Corp (down -2.63%), Intel Corp (-2.62%) and Nike Inc (-2.49%) all fell ~2.5% to be the worst performers in the 30-stock index overnight. Visa Inc rallied +2.94% after reporting a stronger-than-expected fiscal fourth quarter result after the close of the previous session.

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Morgans AM: Thursday, 31 October 2024

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