Morning Report 28 Nov 22: US sharemarkets were mixed on Friday

There were low trading volumes in a holiday-shortened session. A 2% lift in Boeing shares supported the Dow Jones index. But shares of Apple fell by 2% on news of reduced iPhone shipments from a Foxconn plant in China in November as production was hit by virus-related worker unrest. The Nasdaq and S&P 500 indexes were also weighed down by shares of Activision Blizzard, which dropped by 4.1% on news that the US Federal Trade Commission could block Microsoft from taking over the gaming company. At the close of trade, the Dow Jones index was up by 153 points or 0.5%. The S&P 500 index fell by less than 0.1% and the Nasdaq index shed 59 points or 0.5%. All three indexes ended the week higher. The Dow rose by 1.8%, the S&P 500 gained 1.5% and the Nasdaq was up 0.7%.

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