Morning Report 9 Jun 22: US sharemarkets fell on Wednesday

Higher bond yields especially weighed on technology stocks. Shares in chipmaker Intel fell by 5.3% in response to a negative broker report. The Philadelphia Semiconductor SE index was down 2.4%. The Dow Jones index closed lower by 269 points or 0.8%. And the S&P 500 index lost 1.1% with the Nasdaq index down by 89 points or 0.7%.

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