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Morgans AM Friday 2 October 2020

Morgans AM Friday 2 October 2020
Oct 2, 2020 · 4m 38s

•US markets edged slightly higher Thursday as investors tried to gauge the prospects of Washington passing an additional stimulus package to bolster the economy before next month's election. The Dow...

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•US markets edged slightly higher Thursday as investors tried to gauge the prospects of Washington passing an additional stimulus package to bolster the economy before next month's election. The Dow Jones Industrial Average rose +35 points, or +0.1%, to 27,816 after jumping 250 points earlier in the day. The S&P 500 gained +0.5%. The Nasdaq Composite outperformed, gaining +1.4%. Tech shares, which could do well even without another stimulus, provided the broader market with some support as well as Amazon, Microsoft, Alphabet and Facebook all jumped at least 1%. Netflix popped 5.5%.
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Author Morgans Financial Limited
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