Morning Report 19 Aug 21: US sharemarkets fell on Wednesday

Investors digested the US Federal Reserve’s latest meeting minutes and talks about reducing stimulus. Shares of home improvement company Lowe's lifted 9.6% after earnings topped analysts' expectations. But Target shares slipped 2.8% after its update. And Apple (-2.6%) and Chevron (-2.7%) both dragged on major indexes. The Dow Jones index fell by 383 points or 1.1%. The S&P 500 index also shed 1.1%. And the Nasdaq index dropped 130 points or 0.9%. 

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