Morgans AM: Tuesday, 20 December 2022

Morgans Financial Limited

US equity markets settled in the red for a fourth consecutive session, extending a drop last week sparked by a new round of interest rate rises and hawkish comments from central bankers - Dow fell -163-points or -0.49%, with Walt Disney Co (down -4.79%) and Nike Inc (-2.79%) among the biggest drags. A $1 move in any of the Dow's 30 components results in a 6.59-point swing. The broader S&P500 shed -0.90%, with Communication Services (down -2.19%) and Consumer Discretionary (-1.66%) both declining over >1.5% to lead ten of the eleven primary sectors lower. Energy was the only primary sector to advance overnight, edging +0.13% higher. Tesla Inc fell -0.24% to US$149.87, settling below