Morning Report 10 Jan 23: US sharemarkets were mixed on Monday

Technology led the gains. Shares in Tesla rose 5.9% with Reuters noting that "the electric-vehicle maker indicated longer waiting times for some versions of the Model Y in China, signalling the recent price cuts could be stoking demand." Shares in Apple rose by 0.4% and Microsoft lifted 1.0%. But shares in Macy's fell 7.3% after disappointing with holiday-quarter forecasts. At the close of trade the Dow Jones index was down by 113 points or 0.3% after earlier being up 304 points. The S&P 500 index was down 0.1%. But the Nasdaq index lifted by 66 points or 0.6%.

 

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