Morning Report 27 Jul 21: US sharemarkets rose modestly on Monday

US sharemarkets rose modestly on Monday to fresh record highs ahead of the release of key earnings results and the Federal Reserve monetary policy decision. But a fall in new home sales weighed on home builders. US-listed Chinese shares fell after Beijing last week announced new rules on private tutoring and online education firms. Shares in E-commerce company Alibaba Group fell by 7.2% and search engine Baidu Inc fell by 6.0%. The Dow Jones lifted by 83 points or 0.2%. The S&P 500 index rose by 0.2%. And the Nasdaq gained 4 points or less than 0.1%.

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