Morning Report 25 Jul 22: US sharemarkets eased on Friday

Disappointing earnings from Snap weighed on social media and ad tech firms. Shares in Snap fell by 39.1%. Shares in Meta Plaforms fell 7.6% and Alphabet (Google) lost 5.6%. The Dow Jones index fell by 138 points or 0.4% and the S&P 500 index fell by 0.9%. The Nasdaq index lost 225 points or 1.9%. Over the week the Dow rose 2%; the S&P 500 rose 2.6%; and the Nasdaq lifted 3.3%.

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