Morning Report 27 May 22: US sharemarkets climbed on Thursday

Shares of department store operator Macy's jumped 19.1% after it raised its annual profit forecast. And shares of discount store chains Dollar General (+13.7%) and Dollar Tree (+21.9%) both advanced following their annual sales forecast hikes. Chipmaker Broadcom's US$61 billion acquisition of VMware also boosted risk appetite. Broadcom's shares rose 3.6% with VMware's shares up 3.2%. The Dow Jones index closed higher by 517 points or 1.6%. The S&P 500 index rose by 2%. And the Nasdaq index gained 306 points or 2.7%.    

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