Morgans AM
Morgans AM
Morgans Financial Limited
Monday, 6 February 2023 : US equity markets retreated on Friday as investors digested the latest jobs report
7 minutes Posted Feb 6, 2023 at 10:44 pm.
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US equity markets retreated on Friday (3 February) as investors digested the latest jobs report and any monetary policy implications - Dow fell -128-points or -0.38% despite Apple Inc (up +2.44%) bucking the weaker trend following the release of their fourth quarter result after the closing bell of last Thursday’s (2 February) session that saw revenue, profit, and sales fall short of consensus forecasts for many of its lines of business. Apple recorded its first revenue decline (down -5% year-on-year to US$117.15B versus consensus US$121.10B) since 2016. The stock reversed earlier session decline of ~2%