Morning Report 22 Jul 20: US sharemarkets were mixed on Tuesday

Investor sentiment was buoyed by progress shown on three potential COVID-19 vaccines. And the European stimulus deal also boosted investor sentiment. Investors were also hopeful about a new US stimulus package with less than two weeks to go until the expiry of extended payments for job seekers. Investors monitored profit results. So far 58 companies of the S&P 500 have reported earnings and 77.6% of results have beaten forecasts according to Refinitiv. The Dow Jones index rose by 160 points or 0.6%. The S&P500 index lifted by 0.2%. But the Nasdaq index fell by 87 points or 0.8% from record highs. 

 

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