Morning Report 2 Nov 22: US sharemarkets fell on Tuesday

US sharemarkets fell on Tuesday in response to stronger-than expected economic data. Job openings rose in September, as did construction, although manufacturing activity slowed in October. 'Mega cap' technology stocks fell with Amazon down 5.5%. Shares in Uber rose 12.0% after giving an upbeat fourth-quarter profit view. Shares in Pfizer rose 3.1% after it raised sales estimates. But Eli Lilly fell 2.6% after trimming its profit forecast. The Dow Jones index lost 80 points or 0.2%. The S&P 500 index fell by 0.4% and the Nasdaq index fell by 97 points or 0.9%.

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