Morgans AM: Wednesday, 2 February 2022

US equity markets built on a two-day rally after a volatile January, opening February on a positive note - Dow up +273-points or +0.78% . Goldman Sachs Group Inc and JPMorgan Chase & Co gained +2.64% and +1.72% respectively. The broader S&P500 +0.69%, with Energy returning to the top of the primary sector leaderboard overnight with a +3.54% gain and leading eight of the eleven primary sector lower. More defensive sectors underperformed, with Utilities down -1.28%. The technology-centric Nasdaq rose +0.75%. The small capitalisation Russell 2000 +1.10%.