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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Wednesday 14 August 2024
	Category:		Business
	Duration:		00:06:23
	Publish Date:		2024-08-13 23:47:32
	Description:		• US equity markets rallied strongly following tamer-than-expected wholesale inflation data, with the S&P 500 and Nasdaq booking their biggest four-day percentage gains of 2024 - Dow gained +409-points or +1.04%. Intel Corp jumped +5.73% to be the leading performer in the 30-stock index. A filing showed the company had divested its stake (~1.8M shares) in chip designer Arm Holdings Plc (+5.69%). Nike Inc rallied +5.17% to US$78.50, with analysts at Bernstein Research reiterating their "buy" rating for the stock along with a US$112 price target.
	Total Play:		0