Morgans AM

Tuesday, 23 December 2025: Third Consecutive Session of Gains for US Markets

US equity markets advanced for a third consecutive session to open the holiday-shortened week - Dow rose +228-points or +0.47%, with Merck & Co (up +3.59%) the leading performer in the 30-stock index. Honeywell International fell -1.58% after the aerospace and industrial-automation company lowered its full-year earnings outlook and updated investors on its expectations surrounding the Flexjet lawsuit. Nike Inc -2.54%.The broader S&P500 gained +0.64%, with Materials (up +1.35%), Financials (+1.25%), Industrials (+1.11%) and Energy (+1.08%) all rising over >1% to lead ten of the eleven primary sectors higher. Consumer Staples (down -0.41%) was the only primary sector to settle in the red.

Friday, 19 December 2025: Tech Names Drive a Stronger Overnight US Market

US equity markets were stronger overnight – Dow rose 0.14% driven by tech names Amazon up 2.4%, Nvidia up 1.8%, Microsoft up 1.65%, and Cisco 1.52%.The broader S&P500 advanced 0.79% on the back of a lower-than-expected CPI report. Memory and storage names Sandisk Corporation, Western Digital and Seagate Technology were three of the top performers, up 6.1%, 5.26% and 5.17% respectively. The rally due to Micron Technology’s strong result and their outlook for AI-driven memory demand.

Thursday, 11 December 2025: Wall Street’s Late Surge: Fed Signals and Big Bank Moves

US equity markets rallied late in the session as investors digested the latest monetary policy pronouncements from the Federal Reserve  - Dow rallied +497-points or +1.05%, with 26 of the 30 index components advancing. JPMorgan Chase & Co rebounded +3.19% after dropping -4.66% in the previous session after Marianne Lake, the investment bank’s Chief Executive Officer (CEO) of Consumer & Community Banking, disclosed higher-than-expected expense projections of US$105B for next year (versus current consensus forecasts of US$101B) at the Goldman Sachs Group Inc (up +1.44%) U.S. Financial Services Conference and said that she "would characterize the environment as being a little bit more fragile." American Express Co (+3.2%), Caterpillar Inc (+3.53%) and Nike Inc (+3.88%) also all rose over >3%. 

Tuesday, 9 December 2025: Federal Reserve’s latest interest rate decision on Thursday morning AEST leads to a soft opening

US equity markets opened the week on a softer footing ahead of the Federal Reserve’s latest interest rate decision on Thursday morning AEST (11 December)   - Dow fell -216-points or -0.45%, with Nike Inc (down -3.52%) and Procter & Gamble Co (-3.56%) both falling ~3.5%.  Boeing Co (up +2.17%) and Walt Disney Co (+2.21%) both climbed ~2.2%.The Dow Jones Transportation Average (down -0.26%), an index that tracks the stocks of companies that move goods and people around the country, snapped a ten session winning streak.

Monday, 8 December 2025: US equity markets advanced after a delayed, tame inflation report

US equity markets advanced after a delayed, tame inflation report reinforced expectations that the Federal Reserve will cut interest rates at its final meeting of the year this week - Dow added +104-points or +0.22%, with Salesforce Inc (up +5.3%) the clear outperformer in the 30-stock index on Friday (5 December). Goldman Sachs Group Inc +2% Amgen Inc fell -3.02%The Dow Jones Transportation Average (up +0.69%), an index that tracks the stocks of companies that move goods and people around the country, rose for a tenth consecutive day on Friday (6 December).