Friday 15 October 2021: Strong, broad-based gains for US equity markets overnight
Oct 14, 2021 ·
5m 15s
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Description
Strong, broad-based gains for US equity markets overnight following largely upbeat corporate earnings, including from some major banks and a couple of Dow components - Dow up +535-points or +1.56%...
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Strong, broad-based gains for US equity markets overnight following largely upbeat corporate earnings, including from some major banks and a couple of Dow components - Dow up +535-points or +1.56% to sit ~2.4% below its all-time high hit in early September.. The broader S&P500 gained +1.71%, climbing back above its 50-day moving average for the first time in 12 trading sessions. Materials (up +2.43%) and Information Technology (+2.28%) rose over >2% to lead all eleven primary sectors higher in what was the best single day breadth reading for the index since late June. The Nasdaq +1.73%, logging its best single session gain since 20 May as Microsoft Corp (up +2.17%), Apple Inc (+2.02%) and Google-parent Alphabet Inc (+2.55%) all rising over >2%. The small capitalisation Russell 2000 gained +1.44%.
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Information
| Author | Morgans Financial Limited |
| Organization | Morgans Financial Limited |
| Website | - |
| Tags |
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