Morning Report 11 Oct 22: US sharemarkets were mixed on Monday in thin trade

Investors digested speeches from Federal Reserve officials. Also investors braced for the start of earnings season. The Philadelphia SE Semiconductor index fell by 3.4% to a 2-year low, after the Biden administration published a set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment. After tracking a 475-point range, the Dow Jones index ended lower by 94 points or 0.3%. The S&P 500 index fell by 0.8%. And the Nasdaq index lost 110 points or 1.0%.

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