Morning Report 23 May 22: US sharemarkets were mixed on Friday

Shares in Tesla fell 6.4% in response to a negative news report. Shares in heavy equipment maker Deer & Co fell 14% in response to an earnings report. Shares in discount clothing retailer Ross Stores fell 22.5% after it cut its sales and profit forecasts. The Dow Jones index closed higher by 9 points or less than 0.1%. The S&P 500 index rose by less than 0.1%. But the Nasdaq index shed 34 points or 0.3%. Over the week the Dow fell 2.9% - the eighth straight decline and the longest losing streak since 1932. The S&P 400 fell 3.0% and the Nasdaq fell 3.8% - the seventh straight declines and the longest losing streak for both indexes since 2001.

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