Morgans AM: Tuesday, 7 November 2023

A late rally lifted the benchmark US equity indices and saw them notch up some of their longest winning streaks this year - Dow +35-points or +0.10%, with Apple Inc (up +1.46%) the leading performer in the 30-stock index. Intel Corp rose over >% in extended trading (after slipping -0.17% in the regular session) following a report the chip maker is the front-runner to land billions of dollars in funding for secure facilities producing microchips for U.S. military and intelligence applications. The as-yet unannounced facilities are intended to reduce the U.S. military’s reliance on chips imported from East Asia, particularly Taiwan, which some say is vulnerable to Chinese invasion, according to a Wall Street Journal report, citing people familiar with the matter.