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Wharton faculty and industry leaders discuss their latest research, books, and relevant business topics. Hosted on Acast. See acast.com/privacy for more information.
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Morgans AM: Thursday, 23 February 2023
Manage episode 356112642 series 1086780
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US equity markets modesty weaker as investors digested the minutes of the Federal Reserve’s most recent monetary policy meeting - Dow eased -85-points or -0.26%, The broader S&P500 slipped -0.16% to extend losses into a fourth straight session, with Real Estate (down -1.02%) and Energy (-0.77%) leading nine of the eleven primary sectors lower. Materials (up +0.68%) and Consumer Discretionary (+0.52%) were the only primary sectors to advance. The Nasdaq added +0.13%. Intel Corp fell -2.26% after the struggling chipmaker cut its dividend by more than >60% to US$0.125c per share. The small capitalisation Russell 2000 gained +0.34%.
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