Morning Report 18 Mar 21: US sharemarkets advanced on Wednesday

US stocks erased earlier losses after the US central bank signalled that it will hold off on rate hikes through to 2023. Shares of Dow (+4.5%), Boeing (+3.3%) and Caterpillar (+3.2%) led gains. Amazon shares rose by 1.4% and shares of McDonald's gained 1.9% after Deutsche Bank upgraded its stock recommendation to "buy" from "hold." The Dow Jones index rose by 189 points or 0.6% to above 33,000 points for the first time. The S&P 500 index lifted 0.3% -also a record closing high. And the Nasdaq index gained 54 points or 0.4%.  

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