Morning Report 22 Jul 21: US sharemarkets rose on Wednesday

Energy rose 3.5% with airlines up 3.3% and the Hotels, restaurants and leisure index rose 2.9%. Shares in United Airlines rose by 3.8% in response to a lift in travel demand. Shares in Chipotle rose 11.5% and shares in Coca Cola rose 1.3% on earnings news. But shares in Netflix fell 3.3% after reporting a slowdown in subscriber growth. The Dow Jones rose by 286 points or 0.8%. The S&P 500 index rose by 0.8%. And the Nasdaq gained 133 points or 0.9%.

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