Morning Report 8 Jul 22: US sharemarkets were firmer on Thursday

Traders bet that aggressive rate hikes from the Federal Reserve would be successful in stemming inflationary pressures. GameStop Corp rose 15.1% as the video game retailer's board approved a four-for-one stock split. Chipmakers rose after strong earnings figures from Samsung. Investors await the pivotal job report on Friday. The Dow Jones index rose by 347 points or 1.1%. The S&P 500 index rose by 1.5% and the Nasdaq index was up by 259 points or 2.3%. 

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