Morning Report 13 Jul 22: US sharemarkets fell on Tuesday

Growing signs of a looming recession kept investors cautious ahead of Wednesday's US inflation data. PepsiCo shares dipped 0.6%, despite beating its quarterly earnings estimates. Shares of apparel retailer Gap fell 5.0% after its CEO stepped down. But shares of Boeing jumped 7.4% after the plane maker's June aircraft deliveries were the highest since March 2019. At the close of trade, the Dow Jones index fell by 192.5 points or 0.6% and the S&P 500 index dipped by 0.9%. The Nasdaq index shed 108 points or 1.0%. 

 

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