Morning Report 27 Jan 23: US sharemarkets were firmer on Thursday

Shares in Tesla rose 11% after better-than expected quarterly results. Shares in Chevron rose 4.8% after the oil producer said it would triple its budget for share buybacks to US$75 billion. Refinitiv reports: "So far, 126 companies in the S&P 500 have reported fourth-quarter earnings, with 69% topping consensus estimates. That compares with the average of the past four quarters of 76%. Analysts now see aggregate S&P 500 earnings dropping 2.7% year-on-year for the period." At the close, the Dow Jones index was higher by 206 points or 0.6%. The S&P 500 index rose by 1.1%. And the Nasdaq index rose 199 points or 1.8%.

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