Morgans AM
A daily bulletin featuring an overnight sharemarket summary and economic news from across the globe, broadcast in the Morgans studio before the Australian stock market opens each morning.
Tuesday, 9 June 2026: US equity markets steadied following a sharp sell-off last Friday
US equity markets steadied following a sharp sell-off last Friday ( 5 June) as Middle East headlines remained in focus and chip stocks rebounded from steep declines in the previous session - Dow slipped -81-points or -0.16%. Travelers Companies Inc (down -2.15%) was the worst performer in the 30-stock index, while Cisco Systems Inc (+2.06%) was the leading Dow component overnight. Apple Inc’s (down -1.89%) Worldwide Developers Conference (WWDC) kicked off overnight, with investors offe...
Friday, 5 June 2026: US equity markets firmer amid yet another bout of optimism around a resolution to the US-Iran conflict
US equity markets firmer amid yet another bout of optimism around a resolution to the US-Iran conflict, while there was also a pivot from certain technology stocks into more defensive sectors – Dow rallied +875-points or +1.73% to a record closing high of 51,561.93. UnitedHealth Group Inc rose +5.16% to be the leading Dow component, with analysts at Bank of America upgrading their recommendation in the health insurer to ‘Buy’ and lifting their price target to US$450 (from US$420 previously), citing <...
Thursday, 4 June 2026: Five Session Stretch Broken as US Markets Retreat
US equity markets retreated, breaking a five session stretch of record closing highs for the three benchmark indices as oil prices and bond yields climbed. Dow was down 621 points or 1.2%. IBM down 7.2% to be the worst performer in the 30 stock index. Honeywell and Salesforce both fell 5.1%, while all of American Express, Boeing, Microsoft, and Nvidia fell over 3%. On the upside, Amgen and Walmart both gained over 3%. US Central Command, or CENTCOM, said that Iranian drones unsuccessfully attempted to attack American forces in Kuwait.
Morgans AM Tuesday 2 June 2026
The three (3) main US equity benchmarks opened the new week and month with fresh record closing highs despite a fresh jump in oil prices, with technology stocks (particularly software names) continuing to drive the gains – Dow inched +46-points or +0.09% higher to 51,078.88. Salesforce Inc (up +9.68%) and International Business Machines (IBM) Corp (+7.60%) were the leading performer in the 30-stock index for a second session running.
Friday, 29 May 2026: Markets UP as U.S. and Iran agreed to extend their ceasefire
Benchmark US equity indices climbed and booked record highs after the U.S. and Iran agreed to extend their ceasefire, while investors also digested the latest U.S. inflation and revised economic growth figures – Dow added +25-points or +0.05% to a record closing peak of 50,668.97. Microsoft Corp +3.47% after news website The Information reported that the company would release a new coding model next week. International Business Machines (IBM) Corp (+3.53%) and Nike Inc +3.02% also gained over >3%. Caterpillar Inc (down...
Wednesday, 27 May 2026: Tech Rally Powers Markets to New Highs Despite Global Uncertainty
The S&P500 and Nasdaq booked fresh record closing highs as equity and bond markets resumed trading following the Memorial Day long weekend, with a rally in memory-chip companies overshadowing fresh uncertainty around the Middle East peace negotiations – Dow eased -118-points or -0.23%. Chevron Corp (down -3.51%) and UnitedHealth Group Inc (-2.99%) were the worst performers in the 30-stock index. Caterpillar Inc rallied +3.26%.
Monday, 25 May 2026: Markets Hit Record Highs as Merck Surges and Nvidia Slips
US equity markets rallied on Friday (22 May) ahead of the holiday long weekend albeit finished off their best levels of the session – Dow rose +294-points or +0.58% to log a fresh record closing high of 50,579.70 for a second consecutive session after scaling a record intra-day peak (50,830.24). Merck & Co rallied +5.64% to be the leading performer in the 30-stock index following a report by STAT News that its lung cancer treatment being developed with China-based Kelun-Biotech, sacituzumab tirumotecan, cut tumour progression risk by...
Friday, 22 May 2026: Markets Advance to cap another strong week
US equity markets advanced and shaped to cap another strong week ahead of the holiday long weekend despite heightened volatility – Dow gained +276-points or +0.55% to a record closing high of 50,285.66. International Business Machines (IBM) Corp soared +12.43% after the company said it would receive a US$1B CHIPS and Science Act award from the Commerce Department to build a quantum chip foundry. The Wall Street Journal reported that the U.S. government will award US$2B in grants to nine firms operating in the quantum computing spa...
Thursday, 21 May 2026: Markets Surge as Oil and Yields Retreat on Middle East Optimism
US equity markets rallied as oil prices and Treasury yields fell sharply amid fresh optimism that the conflict in the Middle East could soon be resolved – Dow gained +645-points or +1.31%. Goldman Sachs Group Inc +5.75% was the leading performer in the 30-stock index, while Boeing Co (+3.34%) and Nike Inc (+4.17%) were among the leading components.
Wednesday, 20 May 2026: Bond Spike Triggers Third Straight Drop
A fresh jump in bond yields weighed on US equity markets, with the S&P500 and Nasdaq booking a third straight session of declines – Dow lost -322-points or -0.65%. Cisco Systems Inc (down -2.94%) and Boeing Co (-2.54%) fell over >2.5%, while Amazon.com Inc (-2.08%) and 3M Co (-2.08%) fell over >2%. Walmart Inc (up +0.64% to US$134.20) set record intra-day (US$135.155) and closing highs, with the world's largest retailer skated to post its first quarter result on...
Tuesday, 19 May 2026: Trump States "He Wants to give serious negotiations a chance"
US equity markets weaker but pared earlier, steeper losses after President Trump said he wanted to give “serious negotiations” a chance, hours after threatening to resume bombing and hours after both the US and Iran dismissed each other’s latest peace proposals – Dow added +160-points or +0.32%, with 3M Co (up +4.32%) the leading performer in the 30-stock index. Salesforce Inc (up +3.44) rallied over >3% for a second consecutive session. On the downside, Caterpillar Inc fell -2.74%. Nvidia Corp (down -1.33%), with Chief Executive Officer (CEO) Jensen Hu...
Monday, 4 May 2026: The Market Strikes Back with Fresh Record Highs
The S&P500 and Nasdaq ushered in May with fresh record intra-day and closing highs – Dow eased -153-points or -0.31%, with Amgen Inc down -4.75% a day after the biotechnology stock posted stronger-than-expected adjusted earnings per share (EPS) and revenue for the first quarter. 3M Co (-2.74%) McDonald’s Corp (-2.37%) fell over >2%. Salesforce Inc rallied +4.13% to be the leading performer in the 30-stock index on Friday (1 May). Apple Inc +3.2...
Tuesday 28 April 2026: Markets edged higher to fresh closing records despite U.S.-Iran peace talks stalling yet again
The S&P500 and Nasdaq edged higher to fresh closing records despite U.S.-Iran peace talks stalling yet again and pushing oil prices higher – Dow eased -63-points or -0.13%.
McDonald’s Corp fell -3.06% to be the worst performer in the 30-stock index.
Nvidia Corp pushed further into record territory, rallying +4% to US$216.61 after clinching its first new record close since 29 October last year last Friday (24 April) that lifted...
Morgans AM Monday 20 April 2026
US equity markets rallied, with unconfirmed reports that Iran has privately reached out to the US to discuss terms for ending their escalating conflict. However, Iran later denied a New York Times article that suggested operatives from its Ministry of Intelligence had reached out indirectly to the Central Intelligence Agence (CIA) with an offer to discuss terms for ending the conflict. According to Bloomberg, Iran's Tasnim News Agency cited a ministry source as saying that the New York Times report was "pure falsehood and psychological warfare" - Dow rose +238-points or +0.49%
Morgans AM Monday 13 April 2026
US equity markets settled mostly weaker on Friday (April) as investors eyed diplomatic talks over the weekend that were the highest level negotiations between Washington and Tehran since the 1979 Islamic revolution and that sought to build on the two-week ceasefire negotiated last week – Dow lost -269-points or -0.56%. Nike Inc fell -3.14% and hit a 12-year low. The company announced chief innovation officer, Tony Bignell, was departing the company “to pursue his creative and philanthropic passions” less than a year af...
Morgans AM Friday 10 April 2026
The S&P500 and Nasdaq booked a seventh consecutive session of gains, reversing opening declines after Israeli Prime Minister Benjamin Netanyahu said he has given an instruction for Israel to begin talks with Lebanon that would also include the disarming of Hezbollah, which is also linked to Iran – Dow rose +276-points or +0.58% to 48,185.80, moving back into positive territory for the calendar year (up ~0.25%) and climbing above its 50-day moving average (48,021.73) for the first time since 26 February.
Morgans AM - Wednesday, 8 April 2026
US equity markets logged modest gains, climbing in the final hour of trading amid hopes that a proposal brokered by Pakistan may result in an eleventh-hour deal between the U.S. and Iran– Dow slipped -85-points or -0.18%, with Nike Inc (down -3% and trading at lows not seen since October 2014)
Tuesday, 31 March 2026: Markets Start the Week on the Back Foot
US equity markets opened the new week on the back foot following five consecutive weekly declines - Dow edged +50-points or +0.11% higher, with Salesforce Inc (up +3.19%) the leading component in the 30-stock index. However, Caterpillar Inc dropped -4.02% and Cisco Systems Inc -3.6%.President Trump said overnight on the Truth Social platform that the U.S. is “in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.” That said, if the S...
Monday, 30 March 2026: More Sharp Falls for US Markets as Oil Prices Soar
US equity markets fell sharply for a second consecutive session on Friday (27 March) as oil prices continued to soar and act as the dominant driver of investor sentiment as the war in the Middle East entered its fifth week with no sign of a resolution - Dow dropped -793-points or -1.73% to 45,166.64, joining the Nasdaq in official correction territory after settling a touch over >10% below its 10 February record closing high (50,188.14). Amazon.com Inc (down -3.95%), JPMorgan Chase & Co (-3.02%), Salesforce In...
Thursday 19 March 2026: US equity markets fell sharply as investors digested the latest wholesale inflation figures
US equity markets fell sharply as investors digested the latest wholesale inflation figures, and the Federal Reserve’s latest monetary policy pronouncements and economic projections - Dow shed -768-points or -1.63% with Home Depot Inc (-3.08%), McDonald’s Corp (-3.24%), Procter & Gamble Co (-3.15%) and Visa Inc (-3.06%) all dropping over >3%. A further 10 Dow components fell over >2%. Only two (2) components in the 30-stock index – Chevron Corp (up +0.32%) and JPMorgan Chase & Co (+0.3%) – settled in positive territory.
Tuesday, 17 March 2026: Oil Prices Retreat and Markets Rally
US equity markets rallied as oil prices retreated amid fresh efforts to reopen the Strait of Hormuz - Dow rose +392-points or +0.83%,,with Salesforce Inc (up +2.86%) the leading component in the 30-stock index. Nvidia Corp’s (+1.65%) four-day GPU Technology Conference kicked off overnight with a keynote speech from Chief Executive Officer (CEO) Jensen Huang, who said the semiconductor chipmaker expects to record $US1 trillion in AI chip sales through 2027. The company previously had said it expected chip sales to reach $US500 million by...
Monday, 16 March 2026: US Markets logs fresh closing lows for the year
US equity markets retreated on Friday (13 March), logging fresh closing lows for the year and booking their third consecutive weekly decline as oil prices continued to climb and investors digested a busy economic calendar - Dow -119points or -0.26%, with Salesforce Inc (down -3.24%) the weakest index component. Nvidia Corp (down -1.58%) hosts its GPU Technology Conference tonight AEST, where the AI chipmaker is expected to offer more details on its latest products. Chief Executive Officer (CEO) Jensen Huang is...
Wednesday, 11 March 2026: All three (3) major stock indexes erased their earlier gains
All three (3) major stock indexes erased their earlier gains to finish mostly lower in a volatile session on Tuesday.Dow fell 34.29-points or -0.07%.Notable stock moves included 3M CO (+2.39%), Cisco Systems Inc (+1.96%) and Caterpillar Inc (+1.68%) gaining over >1.5%.
Thursday, 5 March 2026: Markets Rally Amid Confusion Over Reported Iran–US Backchannel Talks
US equity markets rallied, with unconfirmed reports that Iran has privately reached out to the US to discuss terms for ending their escalating conflict. However, Iran later denied a New York Times article that suggested operatives from its Ministry of Intelligence had reached out indirectly to the Central Intelligence Agence (CIA) with an offer to discuss terms for ending the conflict. According to Bloomberg, Iran's Tasnim News Agency cited a ministry source as saying that the New York Times report was "pure falsehood and psychological warfare" - Dow rose +238-points or +0.49%
Tuesday, 3 March 2026: Markets Steady and Reverse Some Steep Losses
US equity markets steadied, reversing steep morning session losses - Dow slipped -73-points or -0.15%, paring an earlier decline of as much as 600-points. 3M Co (down -2.33%), Home Depot Inc (-2.6%) and Procter & Gamble Co (-2.21%) all fell over >2%. Nvidia Corp rose +2.99% and was the leading performer in the 30-stock index, arresting a two-day slide that saw the chipmaking giant drop over >9.5% despite. Microsoft Corp rose +1.48%. Apple Inc (+0.20%) kicked off a three-day stretch of new product announcements
Monday, 2 March 2026: US Markets Hit One-Year Low Amid Rising US–Iran Hostilities
US equity markets retreated and booked their steepest monthly declines in a year, with financial and Information technology stocks under pressure and with investors eyeing US-Iran hostilities that are poised to drive crude prices sharply higher - Dow lost 521-points or -1.05%. American Express Co (down -7.88%) and Goldman Sachs Group Inc (-7.47%) both dropped over >7%. Apple Inc fell -3.21% ahead of the company kicking off its first product launches of the year this week, culminating in a...
Friday, 27 February 2026: US equity markets weaker after strong results from Nvidia Corp and Salesforce
US equity markets weaker as a strong results from Nvidia Corp and Salesforce after the close of the previous session weren’t enough to bolster the broader market - Dow inched +17-points or +0.03% higher Salesforce Inc - which has been one of the biggest victims of recent artificial intelligence (AI) disruption fears - gained +4.03% to pace gains in the 30-stock index a day after the customer service software maker reported healthy results for the fourth quarter, although its fiscal 2027 revenue forecast trai...
Thursday, 26 February 2026: Tech Stocks Lead the Way as Markets Drive Higher
Technology stocks led US equity markets higher overnight ahead of Nvidia Corp’s much anticipated quarterly result after the closing bell - Dow rose +308-points or +0.63% International Business Machines (IBM) Corp (up +3.58%) and UnitedHealth Group Inc (+3.74%) rallied over >3.5%.
The broader S&P500 gained +0.81%. Information Technology (up +1.79%) and Financials (+1.68%) gained over >1.5% to lead just five of the eleven primary sectors higher. Industrials (down -0.79%) and Real Estate (-0.69%) sat at the foot of the pri...
Wednesday, 25 February 2026: Tech Stocks Lead Market Rebounds
US equity markets rebounded as Technology stocks steadied after a sharp sell-off amid artificial intelligence (AI) disruption concern - Dow rose +370-points or +0.76% Salesforce Inc rose +4.07% to be the leading performer in the 30-stock index, more than recouping the previous session’s -3.78% drop that came amid a broader decline on artificial intelligence (AI) disruption concerns from the likes of Anthropic. International Business Machines (IBM) Corp rose +2.67% a day after slumping -13.15%. Microsoft Corp rose +1.18%.
Tuesday, 24 February 2026: Markets Rattled as Tech Turmoil and Tariff Shock Hit Wall Street
US equity markets opened the new week on the back foot as investors digested President Trump’s move to raise global tariffs and amid fresh concerns around artificial intelligence (AI) disruptions to various industries - Dow fell -822-points or -1.66%, booking its worst one-day decline since 20 January. International Business Machines (IBM) Corp slumped -13.15% and was the worst performer in the 30-stock index on concerns advances in Anthropic's AI technology could affect its business. Anthropic is slated to host an eve...
Monday, 23 February 2026: Markets Rally After Supreme Court Overturns Trump-Era Tariffs
U.S. equity markets advanced on Friday to cap a positive week after the Supreme Court struck down the sweeping tariffs implement implemented by the Trump administration last year.
Friday, 20 February 2026: US equity markets weaker after booking three straight sessions of gains
US equity markets weaker after booking three straight sessions of gains, with oil prices climbing to six-month highs amid escalating tensions between the US and Iran - Dow fell -268-points or -0.54% Boeing Co (down -2.18%) and Sherwin-Williams Co (-2.23%) both fell over >2%.The broader S&P500 eased -0.28%, with Financials (down -0.86%) leading eight of the eleven primary sectors lower. Investors moved out of private credit stocks after private market and alternative assets manager Blue Owl Capital Inc (down -5.93%) an...
Thursday, 19 February 2026: Tech Stocks Find Their Feet and Markets Advance
US equity markets advanced as technology stocks found their footing and investors digested the minutes from the Federal Reserve’s January monetary policy meeting - Dow rose +129-points or +0.26%, with Nvidia Corp rising +1.63% and moving back into positive territory year-to-date after Meta Platforms Inc (+0.61%) announced a new deal to buy millions of its chips as part of its data centre buildout. Meta CEO Mark Zuckerberg said in a statement that the expanded partnership continues his company’s push “to deliver personal superintelligence to everyone in the world,” a vision he announced in July. Financial terms of the deal were not provided...
Wednesday, 18 February 2026: Markets Steady as Tech Reclaims the Spotlight
US equity markets little changed after resuming trading following the President’s Day long weekend and after booked their worst weekly declines of 206 to date last week - Dow rose +32-points or +0.07% Apple Inc (up +3.17%) was the leading performer in the 30 stock index and paced gains in the ‘Magnificent Seven’ cohort of mega-capitalisation technology stocks a day after announced it will hold a product launch event on 4 March, with the newest iPhone, a low-cost MacBook, and a faster iPad expected to be among the products featured. Ameri...
Tuesday, 17 February 2026: Markets Closed for Presidents Day
US equity and bond markets were CLOSED overnight for Presidents Day.Apple Inc announced it will hold a product launch event on 4 March, with the newest iPhone, a low-cost MacBook, and a faster iPad expected to be among the products featured.
Monday, 16 February 2026: Wall St Flat as Mega-Caps Drag
US equity markets settled little changed, losing steam in the final hour of Friday’s (13 February) - Dow eased -49-points or +0.10% Visa Inc (down -3.12%), while ‘Magnificent Seven’ mega-capitalisation technology stocks Apple Inc (-2.24%) and Nvidia Corp (-2.21%) fell over >2%. Nike Inc (+3.32%) and UnitedHealth Group Inc (+3.1%) climbed over >3%, Cisco Systems Inc (+2.47%) and Salesforce Inc (+2.31%) gained over >2%.
Thursday, 12 February 2026: Weak Retail Sales Figures Lead to Market Retreat
US equity markets retreated as investors digested weaker-than-expected retails sales figures and turned their attention to the potential threat artificial intelligence (AI) poses to the financial sector - Dow added +52-points or +0.10% to 50,188.14, booking its third consecutive record closing and intra-day high after climbing above the >50,000 level last Friday (6 February). Home Depot Inc (up +2.28%) and Walt Disney Co (+2.64%) both gained over >2%.
Wednesday, 11 February 2026: AI Jitters Hit Wall Street as Markets Pull Back
US equity markets retreated as investors digested weaker-than-expected retails sales figures and turned their attention to the potential threat artificial intelligence (AI) poses to the financial sector - Dow added +52-points or +0.10% to 50,188.14, booking its third consecutive record closing and intra-day high after climbing above the >50,000 level last Friday (6 February). Home Depot Inc (up +2.28%) and Walt Disney Co (+2.64%) both gained over >2%.
Tuesday, 10 February 2026: US equity markets advanced after posting a sharp rebound last Friday
US equity markets advanced after posting a sharp rebound last Friday (6 February), with technology again leading the gains - Dow inched +20-points or +0.04% higher to a fresh record closing high of 50,135.87 a day after the 30-stock index has climbed above the 50,000 level for the first time. Microsoft Corp (up +3.05%) was the leading Dow component, while Caterpillar Inc (+2.19%), Cisco Systems Inc (2.31%) and Nvidia Corp (2.5%) all climbed over >2%. Merck & Co Inc fell -3.51%, while Travelers Companies Inc (down...
Monday, 9 February 2026: •US equity markets rebounded sharply as technology stocks rallied following a wave of selling in recent sessions
US equity markets rebounded sharply as technology stocks rallied following a wave of selling in recent sessions - Dow jumped +1,207-points or +2.47% to a record closing high of 50,115.67, the first time the 30-stock index has climbed above the 50,000 mark. Nvidia Corp +7.87%, with Chief Executive Officer (CEO) Jensen Huang saying in a televised interview with CNBC that demand has been "going through the roof" as cloud heavyweights lead what he believes could become the “largest infrastructure buildout in human history.” Caterpillar Inc +7...
