Morning Report 26 Aug 22: US sharemarkets advanced on Thursday

Investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook. Shares of Nvidia rose 4.0% after the chipmaker gave a weaker-than-expected quarterly forecast that many investors viewed as signalling the worst of a sales downturn may be over. Apple (+1.5%) and Amazon.com (+2.6%) shares both lifted. But Tesla shares slid 0.4% after its 3-for-1 stock split came into effect. At the close of trade, the Dow Jones index rose by 323 points or 1.0%. The S&P 500 index lifted 1.4% and the Nasdaq index added 208 points or 1.7%. 

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