US equity markets advanced after an unexpectedly weak private-sector hiring report further bolstered expectations of an interest rate cut by the Federal Reserve next week - Dow rose +408-points or +0.86%
All content for Morgans Financial Limited is the property of Morgans Financial and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
US equity markets advanced after an unexpectedly weak private-sector hiring report further bolstered expectations of an interest rate cut by the Federal Reserve next week - Dow rose +408-points or +0.86%
US equity markets opened the week sharply lower, with traders eyeing quarterly results from Nvidia Corp (down -1.88%) and some major retailers later in the week as well as delayed economic data - Dow fell -627-points or -1.33% American Express Co dropped -4.46% and was the worst performer in the 30-stock index after the financial-services giant said its U.S. Consumer Card Member loans net write-off rate was 2.2% in October, up from 1.9% in September, while its U.S. Small Business Card Member loans net write-off rate ticked up to 2.6% from 2.5%.
Morgans Financial Limited
US equity markets advanced after an unexpectedly weak private-sector hiring report further bolstered expectations of an interest rate cut by the Federal Reserve next week - Dow rose +408-points or +0.86%
