Morning Report 17 May 22: US sharemarkets were mixed on Monday

The energy sector rose 2.6% in response to higher crude prices but technology shares eased. Shares in Tesla fell by 5.9% with Amazon down 2.0% and Alphabet (Google) down 1.4%. The healthcare sector advanced 0.7%. Shares in Spirit Airlines rose 13.5% after JetBlue Airways launched a hostile takeover bid for the discount carrier. The Dow Jones index traded in a 586 point range over the session and closed higher by 27 points or 0.1%. The S&P 500 index lost 0.4% and the Nasdaq index fell by 142 points or 1.2%.

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