CommSec Market Update

Morning Report 13 Feb 23: ASX set for a flat start


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US sharemarkets were mixed on Friday. Growth-focussed sectors eased in response to higher bond yields. And shares in ride-hailing firm Lyft fell 36.4% as it cut prices to boost customer demand. At the close of trade, the Dow Jones index was up by 169 points or 0.5%. The S&P 500 index rose 0.2% but the Nasdaq index slid by 71 points or 0.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
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