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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Thursday, 17 March 2022
	Category:		Business
	Duration:		00:05:41
	Publish Date:		2022-03-16 22:42:13
	Description:		US equity markets logged strong gains after a volatile session that saw the Federal Reserve raise interest rates as expected accompanied by an aggressive policy outlook to combat inflation - Dow gained +519-points or +1.55% after initially declining in the wake of the release of the Federal Reserve’s monetary policy statement. The index swung nearly 700-points from its session lows. JPMorgan Chase & Co +4.47% Boeing Co (up +5.06%), Intel Corp (+4.06%), Nike Inc (+4.85%), and Salesforce.com Inc (+4.81%) were among other notable index performers. American Express Co gained +2.60% after the company hosted an Investor Day and reiterated its long-term goals for annualised revenue growth of more than >10% in 2024 and beyond, as well as earnings-per-share (EPS) growth in the mid-teens range over the same stretch. The broader S&P500 jumped +2.24%, recording its biggest two-day increase since April 2020. The Nasdaq surged +3.77% to log its best daily percentage gain since 4 November, 2020 and mark a +6.7% rally for the technology-centric index over the past two sessions The small capitalisation Russell 2000 rallied +3.14%.
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