Morgans AM
Morgans AM
Morgans Financial Limited
Thursday, 4 May 2023: US equity markets settled lower after a volatile session as investors digested the latest interest rate decision
7 minutes Posted May 3, 2023 at 11:41 pm.
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US equity markets settled lower after a volatile session as investors digested the latest interest rate decision and monetary policy pronouncements from the Federal Reserve - Dow fell -270-points or -0.80%, The broader S&P500 lost -0.70%, with Energy (down -1.92%), Financials (-1.27%) and Materials (-1.11%) all fell over >1% to lead all eleven primary sectors lower. The Nasdaq eased -0.45%. Advanced Micro Devices Inc dropped -9.22% The small capitalisation Russell 2000 rose +0.41%.