Investors closely monitored efforts in Washington to negotiate a new virus relief package. Brent crude oil prices rose to the highest level since March 6, supporting shares of Exxon Mobil (+2.9%) and Chevron (+2%). American International Group shares tumbled 7.5% after posting a US$7.9 billion loss. Ralph Lauren shares dropped 4.4% after quarterly revenue plunged due to a slowdown in global demand for luxury goods. Shares of Microsoft -which is looking to buy short-video app TikTok's US operations -fell 1.5%. Netflix shares gained 2.2%. The Dow Jones index rose by 164 points or 0.6%. The S&P500 index lifted 0.4% and the Nasdaq index lifted 38 points or 0.4% to a record close.
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Morning Report 30 Nov 22: US sharemarkets were mixed on Tuesday
Market Close 29 Nov 22: ASX 200 climbs ~0.3% despite negative start
Morning Report 29 Nov 22: US sharemarkets tumbled on Monday
Market Close 28 Nov 22: ASX 200 snaps four straight days of gains
Morning Report 28 Nov 22: US sharemarkets were mixed on Friday
Market Close 25 Nov 22: ASX 200 wraps week with 1.5% gain
Morning Report 25 Nov 22: European sharemarkets closed higher on Thursday hitting fresh 3-month highs.
Market Close 24 Nov 22: Aussie market lifts for 3rd day
Morning Report 24 Nov 22: US sharemarkets advanced on Wednesday
Market Close 23 Nov 22: ASX 200 approaches 6-month high
Morning Report 23 Nov 22: US sharemarkets rose on Tuesday
Market Close 22 Nov 22: ASX 200 near 5-month high
Morning Report 22 Nov 22: US sharemarkets fell on Monday
Market Close 21 Nov 22: Cautious start to week for ASX 200
Morning Report 21 Nov 22: US sharemarkets were firmer on Friday
Market Close 18 Nov 22: ASX 200 edges higher for a second day
Morning Report 18 Nov 22: US sharemarkets were weaker
Market Close 17 Nov 22: ASX 200 snaps a 3-day losing streak
Morning Report 17 Nov 22: US sharemarkets were weaker on Wednesday
Market Close 16 Nov 22: ASX 200 slips for a third day
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