Morning Report 24 Jun 22: US sharemarkets climbed on Thursday

The defensive S&P 500 utilities (+2.4%), consumer staples (+2.0) and healthcare (+2.2%) sectors countered declines in the energy (-3.8%) and materials (- 1.4%) sectors amid growing worries about a possible US recession. Technology shares outperformed as bond yields slipped, with Apple (+2.2%) and Microsoft (+2.3%) shares both higher. The Dow Jones index closed up by 194 points or 0.6%. The S&P 500 index added 1.0% and the Nasdaq index gained 179 points or 1.6%.

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