Morning Report 7 Dec 22: US sharemarkets fell on Tuesday

US sharemarkets fell on Tuesday in response to fears of a global economic downturn. Investors are now pricing in a 91% chance of a 50 basis point rate increase by the Federal Reserve next week. Shares in Meta Platforms fell 6.8%, reacting to a report "on a EU ruling that said Facebook and Instagram should not require users to agree to personalized ads based on their digital activity." At the close, the Dow Jones index was down by 351 points or 1.0%. The S&P 500 index fell by 1.4%. And the Nasdaq index lost 225 points or 2.0%.

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