Morning Report 23 Nov 22: US sharemarkets rose on Tuesday

Energy led gains, supported by higher crude prices. Shares in retailer Best Buy rose 12.8% after forecasting a smaller drop in annual sales than previously estimated. But shares in discount retailer Dollar Tree fell by 7.8% after the company cut its annual profit forecast for a second time. At the close of trade, the Dow Jones index was up by 398 points or 1.2%. The S&P 500 index lifted by 1.4% and the Nasdaq index lifted by around 150 points or 1.4%.

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