AM Report: US Sharemarkets Rose On Wednesday

Investors were encouraged by data showing higher consumer prices, suggestive of a firmer economy. Shares in Tesla jumped 13.1% as it announced a five-for-one stock split. Investors are awaiting a deal being agreed by US Congress on a job support package. The Dow Jones index gained 290 points or 1.1%; the S&P500 index rose 1.4% to just short of a record closing high, and the Nasdaq index rose by 229 points or 2.1%.

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AM Report: US Sharemarkets Fell On Tuesday

The Dow Jones and S&P500 indexes rose earlier in the trading session on news of Russia’s potential coronavirus vaccine. US President Trump’s announcement on Monday that he’s considering a capital gains tax cut had also boosted sentiment. But shares lost momentum in afternoon trade after US Senator Mitch McConnell said virus stimulus talks had hit a stalemate. And profit-taking continued in mega tech names with Apple (-3%) and Netflix (-3.4%) shares both down. The Dow Jones index fell by 104 points or 0.4% and the S&P500 index lost 0.8% -the first declines in 8 trading sessions. And the Nasdaq index fell by 185 points or 1.7%.

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AM Report: US Sharemarkets Rose On Monday

Shares in Microsoft rose 5.6% after saying it would push ahead with talks to buy the US operations of Chinese-owned TikTok. Shares in ADT surged 56.6% on news that Alphabet’s Google was buying a nearly 7% stake in the home security firm for $450 million. The Dow Jones index finished higher by 236 points or 0.9%. The S&P500 index rose by 0.7%. And the Nasdaq index climbed 157.5 points or 1.5%. to fresh record highs.

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