Morning Report 2 Dec 22: US sharemarkets were mixed on Thursday
Morning Report 2 Dec 22: US sharemarkets were mixed on Thursday

Morning Report 2 Dec 22: US sharemarkets were mixed on Thursday

Mahlet solomon

4 min
Business News
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Description

<p class="p1">A contraction in US manufacturing activity clouded data showing a mild easing in inflation and solid consumer spending. Shares of Salesforce slid 8.3%, dragging down the Dow Jones index, after the software maker announced that its co CEO would be stepping down. Costco shares dropped 6.6% after November sales slowed to 5.7% from 7.7% in October. Dollar General shares fell 7.6% after the discount retailer cut its annual profit forecast. But a 3.7% lift in Netflix shares supported the Nasdaq index. At the close of trade, the Dow Jones index fell by 195 points or 0.6% and the S&P 500 index fell by 0.1%. But the Nasdaq index added 14 points or 0.1%.</p> <p class="p2"> </p> <p class="p1">This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 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. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions f

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Morning Report 2 Dec 22: US sharemarkets were mixed on Thursday - Listen Free | WowFM