- The tech heavy Nasdaq closed 0.1% higher at 14,052.
- Ark Investment Management invests US$246m into Coinbase on debut.
- SpaceX won US$2.9bn contract to build NASA?s lunar lander.
The US markets closed higher on Friday and each of the three key indexes gained more than 1% for the week as following a strong start to earnings season coupled with positive economic news in retail sales and declining jobless claims.
The Dow Jones rose 0.5% to finish the trading day up 165 points to close at a fresh record high 34,201 points. The S&P500 also finished the trading day at a record high 4,185.47 points.
The tech heavy NASDAQ rose 0.1% to finish the trading day up 14 points to close at 14,052 points with Amazon and Tesla gaining 0.6% and 0.13% respectively.
One bitcoin is worth US$56,418 going into the Asian trading day. The world?s largest cryptocurrency has plummeted 6.56% in the last 24-hours following Turkey?s ban of cryptocurrencies as payments.
The Australian dollar is stronger against the major currencies and is buying 77.24 US cents.
Bloomberg top 10 issuer of EFTs, Ark Investment Management, bought US$246m worth of Coinbase shares on its first day of trading for three of its funds; majority to its flagship fund Ark Innovation, and the remaining shares were split between Ark Next Generation and Ark Fintech Innovation EFTs.
Elon Musk?s SpaceX has won a US$2.9bn contract with NASA to build a spacecraft for transporting astronauts to the moon as early as 2024, making it the first commercial human lander as part of NASA?s Artemis program.
And Adidas has jumped on the mushroom leather bandwagon, making their iconic Stan Smith from Mylo?s ?Unleather? material derived from the root structure of mushrooms.