Morgans AM: Friday, 13 December 2024

Morgans Financial Limited

30-stock index, while Home Depot Inc (-1.65%), Nike Inc (-1.13%), Sherwin-Williams Co (-1.37%) and Nvidia Corp (-1.41%) all fell over >1%. The broader S&P500 lost -0.54%. Consumer Discretionary (down -0.84%) and Health Care (-0.83%) both fell over >0.8% to lead ten of the elven primary sectors lower. Consumer Staples (up +0.18%) Eight stocks in the S&P 500 hit fresh 52-week highs Adobe Inc -13.69% after the software giant provided disappointing first quarter and full-year revenue guidance as part of its fourth quarter results release after the close of the previous session. Warner Bros Discovery jumped +15.43% after the group behind HBO and CNN said it would split its television networks and streaming and studios businesses into two “distinct operating divisions”, in a move that sets a path towards the company’s eventual break-up.