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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Wednesday, 16 February 2022
	Category:		Business
	Duration:		00:05:44
	Publish Date:		2022-02-15 22:58:34
	Description:		US equity markets climbed sharply (as Treasury yields rose and oil prices retreated) amid signs of an easing of tensions over Ukraine, with Russian President Vladimir Putin saying Moscow is ready for talks with North Atlantic Treaty Organisation (NATO) on limits to missile deployments in Europe following a meeting with German Chancellor Olaf Scholz, and following a claim that Russia is pulling back some troops in the area. - Dow up +423-points or +1.22%, with Boeing Co climbing +3.66% The broader S&P500 +1.58%, with Information Technology (up +2.73%) and Consumer Discretionary (+2.08%) advancing over >2% to lead nine of the eleven primary sectors higher. Energy (down -1.39%) and Utilities (-0.55%) were the only primary sectors to settle in the red. The Nasdaq +2.53%. The small capitalisation Russell 2000 +2.83%. In merger and acquisition (M&A) news, Intel Corp rose +1.81% after striking a US$5.4B deal to acquire Tower Semiconductor, as the chipmaker to bolster its manufacturing capabilities.
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