Morning Report 22 Apr 21: US sharemarkets rebounded on Wednesday

Nine of the 11 S&P 500 sectors rose, with only communication services and utilities falling. Shares in Netflix fell by 7.4% after it disappointed with data on subscriber growth in the first quarter. But boosting the broader S&P 500 index were shares in Tesla (up 3.5%) and Microsoft (up 0.9%). The Dow Jones index rose by 316 points or 0.9%. The S&P 500 index rose by 0.9%. And the Nasdaq index lifted by 164 points or 1.2%.

 

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