Morning Report 19 Oct 22: US sharemarkets advanced on Tuesday

US sharemarkets advanced on Tuesday as strong earnings results helped extend a rally that began on Monday. Shares of Goldman Sachs gained 2.3% after reporting a smaller-than-expected drop in quarterly profit. Shares of aerospace and defence company Lockheed Martin jumped 8.7% after a third quarter profit beat. And while Johnson & Johnson (-0.4%) beat market expectations for earnings per share, the company narrowed its full-year guidance. Salesforce shares gained 4.3% after a media report that activist investor Starboard Value LP has picked up stake in the software giant. The Dow Jones index rose by 338 points or 1.1%. The S&P 500 index also gained 1.1%. And the Nasdaq index added 97 points or 0.9%.

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