Shares in JP Morgan Chase rose 2.5% and Bank of America rose 2.2% after earnings beat forecasts. Shares in Wells Fargo rose by 3.3% and shares in Citigroup rose 1.7% despite quarterly earnings falling short of consensus profit forecasts. But shares in Tesla fell 0.9% after announcing price cuts on its electric vehicles in the US and Europe. At the close of trade, the Dow Jones index rose 113 points or 0.3%. The S&P 500 index gained 0.4%. And the Nasdaq index added 78 points or 0.7%. Over the week the Dow rose 2.0%; S&P 500 rose 2.7%; Nasdaq rose 4.8%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Morning Report 12 Jan 23: US sharemarkets were higher on Wednesday
Market Close 11 Jan 23: ASX 200 surged by 0.9%
Morning Report 11 Jan 23: ASX set for a positive start
Market Close 10 Jan 23: ASX 200 snaps 4-day winning streak
Morning Report 10 Jan 23: US sharemarkets were mixed on Monday
Market Close 9 Jan 23: ASX 200 lifts for 4th day
Morning Report 9 Jan 23: US sharemarkets rose on Friday
Morning Report 22 Dec 22: US sharemarkets advanced on Wednesday
Morning Report 21 Dec 22: US sharemarkets snapped a four day losing streak on Tuesday
Morning Report 20 Dec 22: US sharemarkets fell for a fourth straight session on Monday
Morning Report 19 Nov 22: US sharemarkets dropped for a third straight session on Friday
Market Close 16 Dec 22: ASX 200 slides for 2nd day
Factors that could impact the Aussie sharemarket over 2023
Morning Report 16 Nov 22: US sharemarkets fell sharply on Thursday
Market Close 15 Dec 22: ASX 200 snaps 2-day winning streak
Morning Report 15 Dec 22: US sharemarkets fell on Wednesday
Executive Series 12 Dec 22: Coolabah Capital Investments
Market Close 14 Dec 22: ASX 200 lifts for 2nd straight day
Morning Report 14 Dec 22: US sharemarkets climbed on Tuesday
Market Close 13 Dec 22: ASX 200 climbs ~0.3%
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