AM Report: 16 Jul 18 S&P500 index at 4month high, earnings and Trump tours in focus

US sharemarkets rose on Friday with the S&P500 index above 2,800 points for the first time since February 1. Amazon (+0.9%), Facebook (+0.2%) and Microsoft (+1.2%) hit fresh record highs. Of the US banks reporting, Citigroup's (-2.2%) revenue missed analyst expectations, Wells Fargo (-1.2%) earnings and revenue disappointed, and JPMorgan's shares fell 0.5% despite its profits beating analyst estimates. The Dow Jones index rose by 94 points or 0.4%. The S&P 500 index rose by 0.1% and the Nasdaq lifted by just 2 points. Over the week, the Dow (+2.3%); S&P500 (+1.5%) and Nasdaq (+1.8%) lifted

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