AM Report: US sharemarkets eased from highs in late trade

There are media reports that Pfizer cut rollout targets for its vaccine. Shares in Boeing rose 6% after budget airliner Ryan Air ordered an additional 75 of its 737 MAX jets. Shares in Tesla rose 4.3% on a broker upgrade. After being up 227 points, the Dow Jones index closed higher by 86 points or 0.3%. The S&P 500 index fell 0.1%. And the Nasdaq index rose 28 points or 0.2%.

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AM Report: US Sharemarkets Rose On Thursday

US House speaker Nancy Pelosi said a deal on new coronavirus aid was “just about there”, despite continued opposition from the Republican-controlled Senate. Shares of JPMorgan Chase gained 3.5% as the 10-year US Treasury yield hit 4-month highs on stimulus hopes. AT&T shares rallied 5.8% after the phone giant added more wireless subscribers than analysts estimated. Tesla shares climbed 0.8% after reporting its fifth consecutive quarterly profit on record revenue of US$8.8 billion. Coca-Cola shares gained 1.4% as it beat quarterly results expectations. Dow shares rose 0.6% after its solid profit result. Chipotle Mexican Grill shares fell 4.9% as it posted a drop in quarterly profit. The Dow Jones index rose by 153 points or 0.5%. The S&P500 index also gained 0.5% and the Nasdaq index was up by 21 points or 0.2%.

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