Morning Report 16 Jul 21: US sharemarkets were mixed on Thursday

Technology shares fell the most as a big fall in claims for unemployment insurance to 16-month lows pointed to the continued re-opening of the economy. Shares in Apple fell 0.5%, with Amazon down 1.4% and Facebook down 0.9%. These companies had done well when the economy was in lockdown. Shares in Morgan Stanley rose 0.2% after reporting earnings. The Dow Jones index rose by 54 points or 0.2%. The S&P 500 index fell by 0.3%. And the Nasdaq eased 102 points or 0.7%.

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