- The Nasdaq closed the midweek session 0.2% higher at a record 15,042.
- Salesforce topped estimates in Q2 results with revenues of US$6.34bn.
- Macy?s rallied on impressive Q2 results including EPS at US$1.29/share.
The US markets extended a green streak into the midweek session with financial stocks the big winners of the session as investors sold bonds which drove yields lower, helping the banks and other financial institutions generate higher profit.
The Dow Jones rose 0.11% to finish the trading day up 39 points to close at 35,406 points.
The tech heavy NASDAQ rose 0.2% to finish the trading day up 22 points to close at 15,042 points with Facebook and Tesla gaining 0.79% and 0.38% respectively.
One bitcoin is worth US$49,048 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 72.75 US cents.
Cloud-based enterprise software company Salesforce reported strong Q2 results after hours on Wednesday indicating strong corporate reliance on cloud-based software even as companies begin returning to offices. For the period, Salesforce topped expectations across the board with EPS of US$1.48/share and revenues of US$6.34bn. Salesforce also raised its full-year projections after completing its acquisition of Slack during Q2.
Shares in US department store giant Macy?s rallied on Wednesday after reporting better-than-expected results for the second quarter. Macy?s EPS came in at US$1.29/share, much higher than the expected US$0.03-US$0.12/share, and the department store giant announced a new partnership with Toys R Us to host the toy brand inside 400 Macy?s stores in 2022.
And Japanese scientists at Osaka University have managed to 3D print lab-grown steak that resembles Wagyu beef products in an environmentally friendly and sustainable way using stem cells from the Wagyu cows.