Morning Report 16 Aug 22: US sharemarkets were firmer on Monday

US sharemarkets were firmer on Monday. Investors digested weak economic data in the US and China. Some investors believe that the soft data will temper the Federal Reserve rate hike expectations. The Dow Jones index closed higher by 151 points or 0.5%. The S&P 500 index rose by 0.4% and the Nasdaq index lifted by 81 points or 0.6%.

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