Morning Report 22 Dec 22: US sharemarkets advanced on Wednesday

Investors digested better-than-expected earnings reports and an improvement in consumer confidence. Nike shares soared 12.2% after the company topped earnings and revenue estimates for its most recent quarter. FedEx shares gained 3.4% on the delivery company's plans to slash US$1 billion in costs. Shares of cruise operator Carnival Corp jumped 4.7% after posting a smaller-than-expected quarterly loss. At the close of trade, the Dow Jones index rose by 527 points or 1.6%. The S&P 500 index lifted by 1.5% and the Nasdaq index added 162 points or 1.5%.     

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