Morning Report 12 May 20: US sharemarkets were mixed on Monday

Investors balanced caution over new spikes in coronavirus infections against economic reopening efforts. Shares of tech giants Amazon, Apple, Netflix, Alphabet and Microsoft lifted 1.1%-1.4%. Drug distributor Cardinal Health's shares jumped 6.7% as the pandemic boosted third quarter sales. But shares of Under Armour fell by 9.7% after the company forecast a 50%-60% drop in second quarter revenue. At the close of trade, the Dow Jones index was down by 109 points or 0.5%. The S&P500 index was up by 0.01% and the Nasdaq index lifted 71 points or 0.8%. 

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