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	Podcast:		Morgans Financial Limited
	Episode:		Morgans AM: Friday, 22 November 2024
	Category:		Business
	Duration:		00:05:56
	Publish Date:		2024-11-22 00:00:00
	Description:		US equity markets advanced, with cyclical stocks leading the latest rally amid hopes of an accelerating broader economy and rotation out of technology stocks - Dow rose +462-points or +1.06% International Business Machines (IBM) Corp (up +3.63%) and Sherwin Williams Co (+3.14%) both gained over >3%. Nvidia Corp added +0.53% to US$146.67 after a volatile session, paring an earlier rally of as much as 5% that lifted the chipmaker to a fresh record intra-day high (US$152.89) a day after the release of the ‘Magnificent Seven’ member’s fiscal third quarter result.
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