Morning Report 24 May 22: US sharemarkets were firmer on Monday

Shares in JPMorgan Chase rose 6.2% after it raised its current year interest income outlook. The S&P banks index rose 5.1%. Tech stocks also rose with shares in Apple up 4% and shares in Microsoft rose by 3.2%. So far 474 of the companies in the S&P 500 have posted results. Of those, 78% beat expectations, according to Refinitiv. The Dow Jones index closed higher by 618 points or 2.0%. The S&P 500 index rose by 1.9%. And the Nasdaq index lifted by 181 points or 1.6%.

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