Morning Report 13 Apr 21: US sharemarkets eased from record highs on Monday

US sharemarkets eased ahead of the release of first-quarter earnings and widely-anticipated inflation data. Intel shares dipped 4.2% after Nvidia (+5.6%) said it will offer the company’s first server microprocessors. United Airlines shares dropped 3.9% after the carrier said its first-quarter revenue is expected to fall 66% compared with the same period in 2019. Boeing shares lost 1.1%. But shares of Nuance Communications surged 16.0% after Microsoft said it would buy the artificial intelligence company in a US$19.7 billion deal. The Dow Jones index closed down by 55 points or 0.2%, the S&P 500 index fell less than 0.1% and the Nasdaq index lost 50 points or 0.4%. 

 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.