Morning Report 4 Jul 22: US sharemarkets rose on Friday

There was light trading ahead of a long holiday weekend. Gains were broad-based, led by utilities. The Dow Jones index rose by 322 points or 1.1%. The S&P 500 index lifted 1.1% with the Nasdaq index up by 99 points or 0.9%. Over the week the Dow fell by 1.3%; the S&P 500 fell by 2.2%; and the Nasdaq lost 4.1%.

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