- The Nasdaq closed Thursday?s session 1% higher at 13,829.
- Netflix rallied after inking a multi-year agreement with Sony Pictures.
- General Motors to halt production at several US factories over chip crisis.
The US markets closed higher on Thursday as a decline in bond yields fuelled a rally in tech stocks.
The Dow Jones rose 0.2% to finish the trading day up 57 points to close at 33,504 points. The S&P500 gained 0.42% to close at a fresh record high 4,097.17.
The tech heavy NASDAQ rose 1% to finish the trading day up 140 points to close at 13,829 points with Apple and Tesla gaining 1.92% and 1.91% respectively.
One bitcoin is worth US$58,044 going into the Asian trading day, up 3% in the last 24-hours.
The Australian dollar is stronger against the major currencies and is buying 76.57 US cents.
Netflix shares rallied on Thursday after the streaming giant signed a multi-year agreement with Sony Pictures Entertainment for domestic streaming rights to Sony?s theatrical movies including future Spider-Man movies and other films based on Marvel characters.
General Motors is temporarily halting production at several North American factories and extend the shutdown at some others due to the global chip shortage crisis.
And the man behind the viral Fyre Festival ?dinner? tweet is attempting to sell the 2017 tweet as an NFT for US$80,000 to help fund the medical bills of a kidney transplant he requires.