Morgans AM
Morgans AM
Morgans Financial Limited
Tuesday, 25 October 2022: US equity markets rallied, consolidating last Friday’s (21 October) strong gains
5 minutes Posted Oct 24, 2022 at 10:51 pm.
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US equity markets rallied, consolidating last Friday’s (21 October) strong gains as investors eye a busy two weeks ahead on the US corporate earnings calendar - Dow gained +407-points or +1.34%, The broader S&P500 rose +1.19%, with Health Care (up +1.91%) and Consumer Staples (+1.79%) advancing over >1.5% to lead nine of the eleven primary sectors higher. Materials (down -0.62%) and Real Estate (-0.09%) were the only primary sectors to settle in the red. The Nasdaq climbed +0.84%. The small capitalisation Russell 2000 added +0.35%.