Morning Report 10 Aug 21: US sharemarkets were mixed on Monday

The Dow Jones and S&P 500 indexes fell from record highs as investors weighed concerns about a possible pullback in policy stimulus and a resurgence in Covid-19 infections. Shares of Chevron (-1.7%) and Exxon Mobil (-1.1%) were weighed down by falling oil prices. Sanderson Farms shares gained 7.4% after a US$4.53 billion buyout offer. Tyson Foods shares rose 8.7% after the meat processing company raised its forecast for fiscal 2021 revenue. Berkshire Hathaway’s B shares climbed 0.6% on the back of a solid earnings report. Moderna (+17.1%) led the Nasdaq index higher. The Dow Jones fell by 107 points or 0.3%. The S&P 500 index lost 0.1%. But the Nasdaq index rose by 24 points or 0.2%. 

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