Morning Report 14 Apr 23: US sharemarkets posted solid gains on Thursday

Falls in business prices in March and higher jobless claims raised hopes that the Federal Reserve could be close to the end of interest rate hikes. Investors now await the release of earnings results from major banks on Friday. Shares in Netflix rose 4.6% on a broker upgrade. Shares in Amazon rose 4.7%. The Dow Jones index rose by 383 points or 1.1%. The S&P 500 index rose by 1.3%. And the Nasdaq index lifted by 237 points or 2.0%.

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