Morning Report 8 Aug 22: US sharemarkets were mixed on Friday

Technology stocks fell after the strong jobs reported suggested that the aggressive rate hiking campaign by the Federal Reserve will continue. Shares in Tesla fell 6.6%. Shares in Lyft surged almost 17% after the ride-hailing firm posted record quarterly earnings and raised profit targets. The Dow Jones index rose by 77 points or 0.2%. The S&P 500 index fell by 0.2% and the Nasdaq index fell by 63 points or 0.5%. Over the week the Dow fell 0.1%; the S&P 500 rose 0.4%; and the Nasdaq gained 2.2%.

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