Morgans AM: Tuesday, 14 January 2025

US equity markets mixed on Monday, The Dow Jones climbing higher, outperforming, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the recent bull market. The 30-stock Dow rose 358 points, or 0.86%, as investors rotated into non-tech shares like Caterpillar, JP Morgan, and United Health (up 3.28%, 1.81%, and 3.93% respectively). Meanwhile, the tech-heavy Nasdaq dropped -0.38%, and the S&P500 inched up 0.16%. All three benchmarks are down for the last two weeks, with tech shares causing most of the damage.