Morning Report 29 Apr 20: US sharemarkets were weaker ahead of key earnings results and economic data.

Shares in Merck fell 3.3% after it warned of a $2.1 billion hit to 2020 revenue. Shares in Caterpillar, PepsiCo and 3M rose 0.2-2.6% after reporting earnings results with 3M up the most. The Dow Jones index fell by 32 points or 0.1%. The S&P500 index fell by 0.5% and the Nasdaq index fell by 122 points or 1.4%.

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