Morning Report 16 Mar 22: US sharemarkets were firmer on Tuesday

A reading of business inflation was softer than expected and oil prices fell 6.5%, easing inflation concerns. While shares of energy producers eased, airlines rose, with Delta up 8.7%. The Dow Jones index closed higher by 599 points or 1.8%. The S&P 500 index lifted by 2.1% and the Nasdaq index rose by 367 points or 2.9%.

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