Morning Report 26 Sep 24: Dow falls nearly 300 points to snap four-day win streak

US sharemarkets were mixed on Wednesday as investors pondered the US Federal Reserve’s path of interest rate cuts and awaited Micron Technology's earnings for details on artificial intelligence demand. Energy shares fell 1.9% with Chevron down 2.4% as crude oil prices slid. Amgen slumped 5.5% after the drugmaker gave updates from its immunology and rare disease development pipeline that disappointed Wall Street. Apple dipped 0.4%. Sales of foreign branded smartphones, including iPhones, in China fell in August on an annual basis, data from a government affiliated research firm showed. Ford Motor lost 4.1% and General Motors fell 4.9% after Morgan Stanley lowered its recommendations on the automakers. Citigroup, Bank of America and JPMorgan & Chase weighed on the broader KBW bank index, which was down 1%.

[unclenick]

Just going sideways in Downunder Island, where women glow and men plunder?

[ballaratevil]

Just need The AUD to be the same as U.S.A. then I am off To Fantasy Island.

[ballaratevil]

Oh I am First Ha Ha...Now going back up...