Morgans AM
Morgans AM
Morgans Financial Limited
Thursday, 1 February 2024: US equity markets logged their worst single session performance of 2024 to close out January
8 minutes Posted Jan 31, 2024 at 11:33 pm.
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US equity markets logged their worst single session performance of 2024 to close out January as investors digested the latest monetary policy pronouncements from the Federal Reserve and served up a lacklustre response to some solid earnings from some technology mega-caps - Dow lost -317-points or -0.82%, the 30-stock index’s biggest one-day point decline since December. Microsoft Corp (down -2.69%). Cisco Systems Inc (-3.94%), International Business Machines (IBM) Corp (-2.24%), Nike Inc (-2.54%) and Salesforce Inc (-2.31%) also declined over >2%.