Morning Report 18 Nov 21: US sharemarkets fall as inflation concerns linger

US sharemarkets were weaker on Wednesday. Shares in retailer Target fell by 4.7%. While its profit beat expectations, third quarter margins fell due to supply chain issues. Shares in home improvement retailer Lowe's rose 2.2% after raising its full-year sales forecast. Shares in Visa fell 4.2% after Amazon said it would stop accepting credit cards issued by the firm in the UK in 2022 due to higher fees. At the close of trade, the Dow Jones index was down by 211 points or 0.6%. The S&P 500 index was down 0.3%. And the Nasdaq index fell by 52 points or 0.3%.

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