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CommSec

CommSec

Business:Investing

Morning Report 12 Aug 22: US sharemarkets were mixed on Thursday

Morning Report 12 Aug 22: US sharemarkets were mixed on Thursday

2022-08-12
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US producer prices unexpectedly fell in July for the first time in more than two years as energy costs declined. But with the US Federal Reserve set to keep its monetary policy tight, shares of big technology names like Tesla (-2.6%) and Amazon (-1.4%) both fell. Walt Disney shares lifted 4.7% after the media giant posted stronger-than-expected subscriber numbers for the last quarter. The Dow Jones index closed up by 27 points or 0.1%. But the S&P 500 index fell by 0.1% and the Nasdaq index slid 75 points or 0.6%.   

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia  ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this  broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

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