Morgans AM: Friday, 24 March 2023 by Morgans Financial Limited published on 2023-03-23T23:29:33Z US equity markets advanced following another volatile session, clawing back some of the selloff as investors attempted to shake off concerns about banking-sector stability - Dow added +75-points or +0.23%, paring an earlier rally of as much as +481-points. The broader S&P500 settled +0.30% higher, having been as much as +1.8% higher at its session peak. However, the gains were concentrated, with Communication Services (up +1.83%) and Information Technology (+1.65%) the only primary sectors to advance. Energy (down -1.36%) sat at the bottom of the primary sector leaderboard The Nasdaq gained +1.01%, having jumped ~2.5% in earlier trading. Apple Inc (up +0.70%), whose market capitalisation tops the S&P500 at ~US2.5 trillion, touched a 6-month high of US$161.55. Apple now trades 7% above both its 50-day moving average of US$148.34 and its 200-day moving average of US$147.8. Microsoft Corp, the second largest stick by market capitalisation at ~US$2.06 trillion, gained +1.97%. Netflix Inc rallied +9.01% following a report from YipitData that said the streaming giant’s gross additions in Canada have improved. Chipmaker Nvidia Corp (+2.73%) extended its recent rally into an eight consecutive session. The small capitalisation Russell 2000 lost -0.41%. Genre Business