Morning Report 12 Aug 21: US sharemarkets were mixed on Wednesday

US data indicated US inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large US$1 trillion infrastructure bill. Shares of Caterpillar lifted by 3.6%. Construction materials supplier Vulcan Materials (+3.2%) and steelmaker Nucor (+3.9%) shares both rose. NortonLifeLock shares gained 8.7% after the cybersecurity firm agreed to buy rival Avast for US$8.6 billion. But Amazon.com shares fell 0.9%. The Dow Jones index rose by 220 points or 0.6% to record highs. The S&P 500 index lifted 0.3% to record highs. But the Nasdaq index lost 23 points or 0.2%. 

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