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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Thursday, 3 March 2022
	Category:		Business
	Duration:		00:06:54
	Publish Date:		2022-03-02 22:58:43
	Description:		US equity markets rebounded sharply and a powerful rally in debt markets reversed as Federal Reserve chair Jay Powell signalled that the US central bank would raise interest rates this month despite economic uncertainty created by Russia’s invasion of Ukraine - Dow up +596-points or +1.79%, with all 30 index components advancing. Caterpillar Inc (up +5.35%), Intel Corp (+4.38%) and Goldman Sachs Group Inc (+2.49%) were among the strongest performers. The broader S&P500 gained +1.86%. Financials (up +2.55), Materials (+2.24%), Energy (+2.22%), Industrials (+2.19%) and Information Technology (+2.19%) all gained over >2% to lead all eleven primary sectors higher. Ford Motor Co jumped +8.38% after the automaker announced it would split its electric vehicle and legacy production businesses into two separate units. Ford plans to breakout financial results for both units, and its Ford+ business, by 2023.The technology-centric Nasdaq rose +1.62%. The small capitalisation Russell 2000 rose +2.51%.
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