Morning Report 7 Jun 22: US sharemarkets rose in a choppy trading session on Monday

Investors assessed prospects for growth in markets rattled by inflation and rate-hike concerns. Amazon.com shares climbed by 2% after implementing a 20-for-1 stock split. But Twitter shares slipped 1.5% after Tesla CEO Elon Musk said he might walk away from his buyout offer if the social media company fails to provide data on spam and fake accounts. Stocks rallied early in the trading session with the Dow Jones index up by more than 300 points after Beijing eased Covid-19 restrictions, boosting hopes this would help abate supply-chain pressures. Didi Global shares surged 24.3% on reports that Chinese regulators are set to ease curbs on the ride-hailing giant. The Dow Jones index closed up by 16 points or 0.1%. And the S&P 500 index rose by 0.3% with the Nasdaq index adding 49 points or 0.4%. 

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