Morning Report 28 Jan 22: ASX 200 set for a positive start, as Wall St continues to slide

US sharemarkets were volatile again on Thursday as investors continued to position for a higher interest rate environment. Shares in Tesla fell by 11.6% after the company warned that supply chain issues would continue to crimp vehicle production. Shares in Netflix rose 7.5% after billionaire investor William Ackman amassed a US$1 billion stake in the company. Shares in Intel fell 7.0% in response to downbeat earnings guidance. At the close of trade, the Dow Jones index was down by 7 points or less than 0.1% after being up 605 points at the start of the session and down 160 points in afternoon trade. The S&P 500 index was down by 0.5%. And the Nasdaq index fell by 189 points or 1.4%.

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