- The Nasdaq closed 0.87% lower on Friday at 15,115 points.
- Apple tumbled on injunction served regarding direct payments off the App Store.
- Airbus takes flight with 99 net orders for August as return to travel nears.
The US markets closed lower on Friday and for the week as investor confidence was dampened by the increasing fear of the Fed?s tapering back its easy money policies, and the growing threat the Delta COVID-19 variant has on impacting economic recovery.
The Dow Jones fell 0.78% to finish the trading day down 272 points to close at 34,608 points .
The tech heavy NASDAQ fell 0.87% to finish the trading day down 133 points to close at 15,115 points
One bitcoin is worth US$46,137 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 73.68 US cents.
Apple shares tumbled on Friday after a U.S. district judge issued an injunction to prohibit Apple from stopping developers from directing users to other payment sites and methods outside the App Store. The decision was handed to Apple during Epic Games? lawsuit against the tech giant, and could see a dramatic reduction in Apple?s fees which have been as high as 30% of in-app purchases.
European aircraft manufacturer Airbus reported its highest monthly order of aircraft since the pandemic began, for the month of August as Airlines prepare for a return to travel in the near future. Airbus recorded 99 net orders for the month, well above the mere 33 net orders in the first seven months of 2021 combined.
And the pandemic favourite Houseparty app that connected users far and wide in video chat ?parties? is shutting down as the owners, Epic Games, said the company can ?no longer give the app or our community the attention it deserves?.