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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Thursday, 10 March 2022
	Category:		Business
	Duration:		00:05:42
	Publish Date:		2022-03-09 22:47:36
	Description:		US equity markets snapped a four session losing streak, with investor sentiment shifting ahead of a European Union (EU) summit tonight AEST when leaders will discuss a new growth and investment model and ways to reduce dependence on Russian energy - Dow gained +654-points or +2.00%, climbing out of official correction territory. Goldman Sachs Group Inc (up +3.80%), JPMorgan Chase & Co (up +4.01%), Nike Inc (+4.74%) and Salesforce.Com (+5.77%) were among the leading index performers. The broader S&P500 +2.57%, logging its best daily percentage gain since 5 June 2020. Information Technology (up +3.98%), Financials (+3.61%), Communication Services (+3.45%) and Materials (+3.01%) all gained over >3% to lead nine of the eleven primary sectors higher. Energy fell -3.18%. General Electric Co gained +3.5% to extend their bounce off at 14-month low after the industrial conglomerate disclosed a new US$3B stock repurchase program. The technology centric Nasdaq jumped +3.59%, dragging itself out of official bear market territory and best daily percentage gain since 9 March, 2021. Netflix Inc gained +4.98%, Microsoft Corp +4.59%, Meta Platforms +4.31% and Alphabet Inc +4.97%. The small capitalisation Russell 2000 rallied +2.71%.
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