Morning Report 14 Oct 22: US sharemarkets rebounded on Thursday

US sharemarkets rebounded on Thursday, brushing aside interest rate hike jitters after a surprise rise in inflation. Shares of Walgreens Boots Alliance pharmacies rose 5.4% following better-than-estimated fourth-quarter results. Delta Air Lines' (+4.0%) quarterly profit missed Wall Street estimates but the carrier expects travel demand to remain robust. Shares of Chevron gained 4.9% as oil prices spiked, and bank stocks Goldman Sachs and JPMorgan rose 4.0% and 5.6%, respectively. The Dow Jones index rose by 828 points or 2.8%, recovering from a 549 point drop earlier in the session. The S&P 500 index lifted 2.6%. And the Nasdaq index gained 232 points or 2.2%.

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