Morning Report 28 Jul 22: US sharemarkets climbed on Wednesday

US Fed Chair Jerome Powell said the central bank will slow the pace of interest rate hikes at some point, while adding that officials would refrain from offering "clear guidance" on the size of their next move. The Nasdaq index soared after Google parent Alphabet (+7.7%), Microsoft (+6.7%) and Texas Instruments (+6.7%) all posted solid earnings results. The Dow Jones index rose by 436 points or 1.4%. The S&P 500 index added 2.6% and the Nasdaq index lifted by 470 points or 4.1%. 

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