Morning Report 2 Dec 22: US sharemarkets were mixed on Thursday

A contraction in US manufacturing activity clouded data showing a mild easing in inflation and solid consumer spending. Shares of Salesforce slid 8.3%, dragging down the Dow Jones index, after the software maker announced that its co CEO would be stepping down. Costco shares dropped 6.6% after November sales slowed to 5.7% from 7.7% in October. Dollar General shares fell 7.6% after the discount retailer cut its annual profit forecast. But a 3.7% lift in Netflix shares supported the Nasdaq index. At the close of trade, the Dow Jones index fell by 195 points or 0.6% and the S&P 500 index fell by 0.1%. But the Nasdaq index added 14 points or 0.1%.

 

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