Morning Report 3 Jun 22: US sharemarkets posted firm broad-based gains on Thursday

The ADP employment report showed a smaller-than-expected lift in jobs in April. Consumer discretionary led the way, up 3%. Shares in Tesla rose 4.7% with Nvidia up 6.9% and Meta Platforms up 5.4%. But shares in Hewlett Packard fell by 5.2% after downgrading profit and revenue expectations. The Dow Jones index closed higher by 435 points or 1.3%. The S&P 500 index rose by 1.8%. And the Nasdaq index gained 322 points or 2.7%.

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