Morning Report 8 Aug 22: US sharemarkets were mixed on Friday
AUG 07, 2022
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Technology stocks fell after the strong jobs reported suggested that the aggressive rate hiking campaign by the Federal Reserve will continue. Shares in Tesla fell 6.6%. Shares in Lyft surged almost 17% after the ride-hailing firm posted record quarterly earnings and raised profit targets. The Dow Jones index rose by 77 points or 0.2%. The S&P 500 index fell by 0.2% and the Nasdaq index fell by 63 points or 0.5%. Over the week the Dow fell 0.1%; the S&P 500 rose 0.4%; and the Nasdaq gained 2.2%.


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