US equity markets edged higher and remained on track to post solid monthly gains as bond yields retreated, with investors eyeing Thursday night’s AEST (31 November) inflation data - Dow added +84-points or +0.24%. Boeing Co gained +1.4%, buoyed by an upgrade to ‘Outperform’ from ‘Sector Perform’ by RBC Capital (who also lifted their target price on the airplane manufacturer to US$275 from US$200). “After another year of supply-chain disruptions and lowered expectations, we believe the set-up into 2024 is favourable,” the analysts said in a research note.

US equity markets settled with modest declines following a muted session absent any major leads to open the week - Dow fell -57-points or -0.16%.The broader S&P500 eased -0.20%. Health Care (down -0.64%) and Industrials (-0.58%) fell over >0.50% to lead seven of the eleven primary sectors lower. Real Estate (up +0.38%) sat atop the primary sector leaderboard.The Nasdaq dipped -0.07%.The small capitalisation Russell 2000 lost -0.35%.

US equity markets settled little changed following an abbreviated, low volume post-Thanksgiving Holiday session on Friday (24 November), although both the Dow and S&P 500 logged their highest closes since 1 August - Dow rose +117-points or +0.33% to 35,390.15, with 27 of the 30 index components advancing.

European bourses recorded another round of modest gains, with the Oil and Gas sector (up +1.4%) advancing despite fresh falls on crude markets and lifting the pan-European Stoxx 600 index (which includes UK equities) +0.30%. The Travel and Leisure sector fell -1.0%. Germany's DAX edged +0.23% higher. France's CAC rose +0.24%.

US equity markets advanced as investors digested durable goods orders and consumer sentiment data ahead of the Thanksgiving holiday - Dow rallied +185-points or +0.53% to 35,273.03, the highest level since 14 August.

US equity markets eased as investors digested the latest monetary policy meeting minutes from the Federal Reserve and eyed the release of mega-capitalisation chipmaker Nvidia Corp’s third quarter result after the close - Dow eased -63-points or -0.18%, with Intel Corp (down -2.46%) snapping a five-session winning streak that saw the stock rally over >16%.

US equity markets advanced, with the S&P 500 and Nasdaq extending gains into a fifth consecutive session - Dow rose +204-points or +0.58%, with Boeing Co (up +4.65% to US$217.71) the leading performer in the 30-stock index, buoyed by an upgrade at Deutsche Bank (who raised their target price to US$270 from US$204). Microsoft Corp climbed +2.05% to a record closing high of US$377.44 after Chief Executive Officer (CEO) Satya Nadella said former OpenAI CEO Sam Altman will be joining the technology giant to lead a new artificial intelligence (AI) research team. The news of Mr Altman’s hiring at Microsoft came after fraught efforts to restore him at OpenAI faltered late Sunday (19 November), with the ChatGPT developer’s board refusing to agree to the proposed terms of his reinstatement. Microsoft has a 49% stake in OpenAI but couldn’t overcome resistance to Altman’s return from the board that fired him last week.

US equity markets edged higher on Friday (17 November) to record a third straight week of gains - Dow settled flat. The broader S&P500 edged +0.13% higher, with Energy (up 2.12%) returning to the top of the primary sector leaderboard on Friday (17 November) and leading six of the eleven primary sectors higher. Citigroup Inc is poised to announce the first big round of lay-offs tonight AEST in a sweeping restructuring that will eventually result in thousands of positions being eliminated, according to various media reports. The Gap Inc soared +30.58% after the retailer posted a better-than-expected third quarter result after the close of the previous session.

US equity markets mixed as investors digested the latest round of earnings releases from various retailers - Dow eased -46-points or -0.13%, snapping a four session winning streak. Cisco Systems Inc dropped -9.83% after the company slashed its full year revenue forecast (to US$53.8B to US$55B, down from a previous forecast of US$57B to US$58B, and implying a revenue decline of almost 5%) after the close of the previous session. Intel Corp (up +6.75%) was the best performing Dow component.

US equity markets logged modest gains, building on the strong rally of the previous session as investors weighed another round of subdued inflation data - Dow rose +164-points or +0.47% to 34,991.24, extending gains into a fourth straight session and logging its highest close since 14 August.

A cooler-than-expected inflation report for October fuelled strong gains on US equity markets, and saw Treasury yields drop sharply - Dow gained +490-points or +1.43%.

US equity markets mixed ahead of the latest consumer price index (CPI) report tonight AEST - Dow added +55-points or +0.16% 34,337.87, its highest close since 20 September. Boeing Co gained +4.01% following a Bloomberg report that the Chinese government was considering lifting a commercial freeze for the plane maker’s 737 MAX jet later this week when President Joe Biden and China’s President Xi Jinping meet during the APEC Summit in San Francisco. Also boosting the stock was an announcement from Emirates at the Dubai Airshow that it would buy US$52B of Boeing aircraft, while SunExpress, a joint venture of Turkish Airlines and Lufthansa, announced it would buy 90 737 MAX jets.

US equity markets logged strong gains on Friday (10 November), boosted by heavyweight technology and growth stocks as Treasury yields calmed, while investors looked ahead to a this week's reports on inflation - Dow rallied +391-points or +1.15% to 34,283.10, marking the 30-stock index’s highest close since 20 September. Intel Corp (up +2.80%) was the leading Dow component on Friday (10 November).

US equity markets retreated, sliding in the closing hour of the session following a poor Treasury auction and after Federal Reserve Chaine Jerome Powell indicated more work may need to be done to bring down inflation - Dow fell -220-points or -0.65%, with Amgen Inc (down -3.37%), Home Depot Inc (-2.72%) and Walgreens Boots Alliance (-2.62%) all declining over >2.5%. Bloomberg reported that Walgreens is to engage in another round of layoffs representing ~5% of the company’s total corporate workforce. However, Walt Disney Co jumped +6.91% after posting a stronger-than-expected third quarter result after the close of the previous session that included better-than-expected subscriber growth for its Disney+ streaming service.

US equity markets climbed, extending the S&P 500 and Nasdaq’s longest winning streaks in two years - Dow slipped -40-points or -0.12%, snapping a seven-session winning streak (its longest since 26 July).

US equity markets advanced, logging their longest winning streak in two years as longer dated Treasury yields retreated for a fifth time in the past six sessions - Dow added +57-points or +0.17%, extending gains into a seventh consecutive session to mark its longest winning streak since 26 July (when the 30-stock index rose for 13 straight days). Intel Corp (up +2.16%) and Salesforce Inc (+2.13%) both climbed over >2%.

A late rally lifted the benchmark US equity indices and saw them notch up some of their longest winning streaks this year - Dow +35-points or +0.10%, with Apple Inc (up +1.46%) the leading performer in the 30-stock index. Intel Corp rose over >% in extended trading (after slipping -0.17% in the regular session) following a report the chip maker is the front-runner to land billions of dollars in funding for secure facilities producing microchips for U.S. military and intelligence applications. The as-yet unannounced facilities are intended to reduce the U.S. military’s reliance on chips imported from East Asia, particularly Taiwan, which some say is vulnerable to Chinese invasion, according to a Wall Street Journal report, citing people familiar with the matter.

US equity markets rallied on Friday (3 November) to cap their best weekly performance of the year after a softer-than-expected October jobs report pushed Treasury yields further lower - Dow climbed +222-points or +0.66%, with Goldman Sachs Group Inc (up +4.42%) the leading performer in the 30-stock index.

US equity markets rallied and bond yields fell a day after the Federal Reserve’s latest monetary policy meeting - Dow gained +565-points or +1.70%, with American Express Co (up +3.0%), Caterpillar Inc (+3.14%), Chevron Corp (+3.32%), and Nike Inc (+4.16%) all rising 3%+.

US equity markets advanced and Treasury yields retreated as investors digested the latest monetary policy pronouncements from the Federal Reserve along with the latest corporate earnings releases - Dow rose +222-points or +0.67% to record its best three day advance (up +2.63%) since April.

US equity markets advanced ahead of the latest monetary policy pronouncements from the Federal Reserve tomorrow morning AEST, still logged a third straight month of declines - Dow rose +124-points or +0.38%, with Boeing Co (up +2.45%) and Intel Corp (+2.27) both gaining over >2%.

US equity markets rallied, with the Dow and S&P 500 snapping three session losing streaks - Dow rallied +511-points or +1.58%, logging its best single session advance since 2 June. Nike Inc (up +3.9%), Goldman Sachs Group Inc (+3.77%), Verizon Communications (+3.53%) and Travelers Companies Inc (+3.01%) all rallied over >3%.

US equity markets retreated on Friday (27 October), with the S&P 500 index joining the Nasdaq in official correction territory - Dow dropped -367-points or -1.12% to 32,417.59, logging its lowest settlement since 28 March.

US equity markets recorded a second straight session of sharp declines, with technology majors again leading the downside - Dow fell -252points or -0.76%, with Microsoft Corp (down -3.75%) and Nike Inc (-3.40%) both down over >3%.

US equity markets fell sharply as investors digested the quarterly earnings from mega-capitalisation technology stocks and as bond yields resumed their march higher - Dow fell -105-points or -0.32%, and has dropped for five of the past six sessions.

US equity markets rebounded as investors digested a flood of corporate earnings releases from Dow components and technology heavyweights - Dow gained +205-points or +0.62%, snapping a four-day losing streak.

US equity markets settled mostly lower, with the Dow and S&P500 recording their lowest closing levels since 31 May - Dow fell -191-points or -0.58%, settling lower for a fourth straight session. However, Walgreens Boots Alliance (WBA) Inc rallied +3.29% to US$21.96 after JPMorgan turned bullish on the healthcare-services and pharmacy chain, citing a “new era” for the company under Chief Executive Officer (CEO) Tim Wentworth. WBA hit a 25-year intra-session low of US$20.48 last Friday (20 October).

US equity markets retreated on Friday (20 October) as Middle East tensions and elevated US bond yields steered the benchmark indices to their largest weekly percentage declines since the week ending 22 September - Dow fell -287-points or -0.86%, logging a third straight session decline of more than >250-points and dipping into negative territory for the year. Intel Corp (down -2.10%) and Salesforce.com Inc (-2.20%) both fell over >2%. However, Merck & Co Inc rallied +2.23% after it signed a US$5.5B deal with Daiichi Sankyo for the rights to jointly develop and commercialise three of the Japanese company's candidate cancer drugs.

US equity markets retreated as long bond yields continued to march higher and investors continued to cast a wary eye on the Middle East - Dow declined -333-points or -0.98%, snapping a three session winning streak. The Dow Jones Transportation Average dropped -3.44%, logging its worst single session decline since 26 April.

US equity markets settled little changed after a subdued session as investors digested stronger-than-expected retail sales data that fuelled concerns over tighter monetary policy - Dow edged +13-points higher . According to reports earlier this morning AEST, Chevron Corp (up +1.32%) has ended a dispute on pay and working conditions with labour unions at its liquefied natural gas (LNG) facilities in Australia. The agreement by workers to accept the terms effectively resolves a dispute that triggered strikes last month at Chevron’s Gorgon and Wheatstone facilities, which accounted for ~7% of global LNG supply last year.

US equity markets advanced, retracing sharp moves at the end of last week as investors looked ahead to a flurry of economic data and US corporate earnings - Dow rose +314-points or +0.93%, market the 30-stock indices sixth advance in the past seven sessions and best single session gain since September. Nike Inc (up +2.13%) and Travelers Companies Inc (+2.09%) both climbed over >2% to be the leading Dow components overnight.

US equity markets weaker on Friday (13 October) as investors digested consumer sentiment data and kept a wary eye on the unfolding conflict in the Middle East – Dow added +39-points or +0.12% despite Boeing Co (down -3.34%) and Walgreens Boots Alliance Inc (-3.89%) dropping over >3%. UnitedHealth Group Inc gained +2.64% after the healthcare-services and insurance giant posted better-than-expected third quarter adjusted EPS (US$6.56 versus consensus US$6.33) and revenue (US$92.361B, up from US$80.894B a year earlier and versus consensus US$91.414B), and again raised its full year adjusted EPS guidance (to US$24.85-to-US$25.00 versus current consensus US$24.83). On a call with analysts, UnitedHealth faced several questions about coverage of popular diabetes and weight-loss drugs such as Ozempic and Wegovy. “We’re struggling, and frankly our clients are struggling, with the list prices which have been demanded on these products in the U.S.,” CEO Andrew Witty said on the call. Regarding whether customers are seeking increased coverage of the drugs, CEO of the company’s UnitedHealthcare unit Brian Thompson said “it’s a mixed bag”, noting that “Some are seeking coverage, albeit dissatisfied with the price point. Some are backing off, given the cost.” Clients see the cost of the drugs as an “open-ended financial risk,” Mr Witty added on the call. “We’re trying to put forward to manufacturers a variety of options, but we need the manufacturers to move. It’s as simple as that.”

US equity markets retreated, and bond prices fell following the latest monthly inflation figures from the Bureau of Labor Statistics, and with investors eyeing the beginning of the third quarter earnings season - Dow fell -174-points or -0.51%, with Boeing Co dropping -2.43%.

US equity markets extended their advance into a fourth straight session as investors digested the minutes from the Federal Reserve’s September monetary policy meeting and September wholesale price inflation figures - Dow added +66-points or +0.19%, with Amgen Inc jumping +4.55% following an analyst upgrade that cited an expanding earnings multiple and pipeline news flow as catalysts.

US equity markets extended gains into a third consecutive session as oil prices and bond yields retreated, and with investors seemingly not concerned about the Middle East conflict widening - Dow rose +135-points or +0.40%, with Boeing Co (up +2.67%) and Coca-Cola Co (+2.17%) gaining over >2%.

US equity markets advanced, recovering from opening losses as investors continued to digest terrorist group Hamas’ barbaric attacks in Israel and the scope for the conflict to broaden - Dow up +197-points or +0.59%, with energy giant Chevron Corp (up +2.77% the leading index performer. Walt Disney Co gained +2.12% after The Wall Street Journal reported, citing sources, that activist investor Nelson Peltz’s Trian Fund Management has lifted its stake in a bid to get several more seats on the company’s board.

US equity markets climbed on Friday (6 October), reversing earlier session declines as investors digested the latest non-farm payrolls data - Dow gained +288-points or +0.87%, recovering from an earlier decline of as much as -272-points but settling of its best levels of the session that saw the 30-stock index up more than >400-points. Caterpillar Inc (up +2.01%), Honeywell International (+2.58%), Microsoft Corp (+2.47%), Salesforce.com Inc (+2.65%) and Walt Disney Co (+2.64%) all gained over >2%.

US equity markets settled little changed ahead of the release of key jobs data tonight AEST - Dow dipped -10-points or -0.03%. Coca Cola Co dropped -4.83%, logging its steepest one-day decline since 18 May, 2022 to be the worst Dow component overnight.

US equity markets advanced as US Treasury yields pulled back from multi-year highs following weaker-than-expected labour market data - Dow added +127-points or +0.39%, snapping a three session losing streak. Microsoft Corp (up +1.78%) was the leading Dow component overnight.

US equity markets fell sharply, with the Dow cementing its sharpest single session decline since the March banking crisis as the bond market came under renewed selling pressure following the latest stronger-than-expected labour market data - Dow fell -431-points or -1.29% to 33,002.38, marking the 30-stock index’s lowest close since 31 May. Goldman Sachs Group Inc (down -3.89%) and American Express Co (-2.96%) were the worst performing Dow components overnight. The latest fall also pulled the index into negative territory for the year (down -0.44%).

The broader S&P500 eked out a +0.01% rise, with Communications Services (up +1.47%) and Information Technology (+1.33%) leading a narrow advance that saw just three of the eleven primary sectors settle in positive territory. Utilities (down -4.72%) was the worst performing primary sector overnight, while Energy (-1.91%) and Real Estate (-1.75%) both declined over >1.5%. Tesla Inc added +0.55%, recovering from a loss of as much as 3% despite the electric vehicle (EV) manufacturer reporting third quarter deliveries that were well below already-lowered expectations. Tesla said it produced 430,488 vehicles during the third quarter (up +17.6% year-on-year) and delivered 435,059 vehicles (up 26.5% year-on-year, and versus consensus 461K). Analysts had been lowering their expectations amid concerns over slowing demand in China, and as the lower-priced Model 3 was getting a refresh in some regions.

US equity markets were mostly weaker on Friday (29 September), with all three benchmark indices booking monthly and quarterly declines as investors the latest inflation figures - Dow fell -159-points or -0.47%, unwinding an earlier rally of as much as +227-points with Travelers Companies Inc falling -2.57%. However, Nike Inc rallied +6.68% after posting stronger than expected fiscal first quarter earnings per share (EPS) after the close of the previous session.

The Dow and S&P500 booked their largest daily percentage gains since 14 September as Treasury yields and oil prices pulled back ahead of key inflation figures tonight AEST - Dow rose +116-points or +0.35%, with chipmaker Intel Corp (up +1.65%), investment banks Goldman Sachs Group Inc (+1.01%) and JPMorgan Chase & Co (+1.24%) and Caterpillar Inc (+1.29%) among the notable performers.

US equity markets settled little changed after a volatile session once again headlined by rising oil prices and Treasury yields - Dow eased -69-points or -0.20%, having been up as much as +113-points earlier in the session. Caterpillar Inc (up +3.19%) and Chevron Corp (+3.24%) were the leading performers in the 30-stock index, both gaining over >3%.

US equity markets retreated amid a fresh rise in longer dated Treasury yields, and as investors digested the lates home sales and consumer confidence data - Dow fell -388-points or -1.14%, logging its largest one day point and percentage decline since 22 March. The 30 stock index also fell below its 200-day moving average, with the index last breaking that support level on 25 May.

The benchmark US equity indices logged their first advance in five sessions, rebounding from their lowest settlements since early June last Friday (22 September) and shaking off fresh multi-year highs for longer dated Treasury yields - Dow added +-43 points or +0.13%, underpinned by gains for Dow Inc (up +1.67%) and energy majors Chevron Corp (+1.46%) and Honeywell International (+1.10%).

US equity markets logged modest declines, capping a week in which equities were dragged down by the effects of rising oil prices and growing expectations that interest rates will stay higher for longer - Dow fell -107-points or -0.31%, with Walgreens Boots Alliance (down -1.54%) and Walt Disney Co (-1.79) both falling over >1.5%.

US equity markets fell sharply, with the S&P 500 and Nasdaq posting their lowest settlements since June as Treasury yields continued to climb in the wake of the hawkish pronouncements at the conclusion of Federal Reserve’s latest monetary policy meeting. Losses intensified following news that House Republican leaders sent the chamber into recess overnight, bolstering fears that federal lawmakers won’t pass a bill to avert a government shutdown. Market participants are concerned that a shutdown would hurt fourth-quarter GDP. Dow fell -370-points or -1.08% to 34,070.42, the lowest close for the 30-stock index since 10 July.