Morgans AM: Tuesday, 21 May 2024

Morgans Financial Limited

US equity markets mostly firmer to open the week, with technology stocks underpinning the gains - Dow fell -197-points or -0.49%. JPMorgan Chase & Co dropped -4.50% after Chief Executive Officer (CEO) Jamie Dimon hinted during the bank’s annual investment meeting that he was preparing to retire after nearly 20 years at the helm of America's largest bank. Mr Dimon also said the bank would not repurchase shares at their current levels. Microsoft Corp gained 1.22% after the technology giant unveiled a new line of personal computers equipped with artificial-intelligence (AI) chips and the company’s CoPilot AI software.