Morning Report 11 Jul 22: US sharemarkets were mixed on Friday

A strong US jobs report alleviated recession fears but cleared the path for the US Federal Reserve to keep raising interest rates to combat inflation. Shares of Twitter slid 5.1% after the Washington Post reported that Elon Musk was planning to terminate his US$44 billion takeover offer. The Dow Jones index fell by 46 points or 0.2% and the S&P 500 index dipped 0.1%. But the Nasdaq index added 14 points or 0.1%. For the week, the Nasdaq gained 4.6%, while the S&P 500 and Dow advanced 1.9% and 0.8%, respectively. 

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