Morning Report 27 Oct 22: US sharemarkets were mixed on Wednesday

There were renewed bets of a slowdown in the pace of interest rate hikes, while the Nasdaq index came under pressure from downbeat earnings results. Shares of Microsoft slid 7.7% after posting its lowest sales growth in five years. Google parent Alphabet (-9.1%) reported downbeat ad sales. Shares of Boeing tumbled 8.8% after it reduced its annual forecast for deliveries of its 737 jets. But Visa shares jumped 4.6%, boosting the Dow Jones index, after payments topped quarterly profit estimates. The Dow rose by just 2 points or less than 0.1%. But the S&P 500 index slid 0.7% and the Nasdaq index shed 228 points or 2%. 

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