Morning Report 14 Mar 23: ASX set for a sharp drop

US sharemarkets were mixed on Monday in choppy trade with many bank shares lower, as investors started to think the US Federal Reserve could ease up on interest rates hikes to guard against contagion from the Silicon Valley Bank collapse.  At the close of trade, the Dow Jones index fell by 90.5 points or 0.3%. The S&P 500 index slid 0.2% but the Nasdaq index rose by 50 points or 0.5%.

 

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