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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Thursday, 16 December 2021
	Category:		Business
	Duration:		00:05:58
	Publish Date:		2021-12-15 22:59:28
	Description:		US equity markets recovered from earlier session losses to settle with solid gains following the Federal Reserve’s latest monetary policy pronouncements - Dow up +383-points or +1.08% at 35,927.43. The broader S&P500 gained +1.63% to 4,709.85, the second highest close of 2021 after briefly climbing above its 10 December record closing high (4,712.02), with Information Technology (up +2.75%) and Health Care (+2.11%) rising over >2% to lead ten of the eleven primary sectors higher. Energy (down -0.53%) was the only primary sector to close in the red. Visa Inc rose ~0.9% in extended trading after a late filing confirmed the company’s board has authorized a new US$12B share repurchase program. The Nasdaq rallied +2.15%, erasing an earlier ~0.7% decline. The small capitalisation Russell 2000 climbed +1.54%.
	Total Play:		0