Morning Report 26 May 22: US sharemarkets were higher on Wednesday

Investors absorbed the minutes from the last Federal Reserve meeting. Shares in Tesla rose 4.9% with Amazon up 2.6% and both stocks were key drivers of the S&P 500 index. Department store operator Nordstrom Inc. rose 14.0% on the back of upbeat annual profit and revenue forecasts. The Dow Jones index closed higher by 192 points or 0.6%. The S&P 500 index rose by 1.0%. And the Nasdaq index gained 170 points or 1.5%.

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