- The Nasdaq closed 0.6% higher at 13,738 for the midweek session.
- Amazon rallied on Bezos stand down date & MGM deal agreement.
- GameStop surged on reports of NFT platform launch on Ethereum tech.
The US markets finished higher as investors grew confident that the Federal Reserve and other central banks will continue to maintain their economic support despite interim inflation spikes.
On the 125th anniversary of its launching, the Dow Jones rose 10 points to finish the trading day at 34,323 points.
The tech heavy NASDAQ rose 0.6% to finish the trading day up 81 points to close at 13,738 points with Tesla and Google gaining 2.39% and 1.02% respectively.
One bitcoin is worth US$39,293 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 77.39 US cents.
Amazon made headlines again overnight as it posted a modest gain following Founder and CEO Jeff Bezos announcing his formal stand-down date as July 5, marking 27 years to the day that Amazon was incorporated. Shares in the e-commerce and tech giant were also boosted by news that Amazon had agreed to buy MGM for US$8.45bn.
US-based gaming retailer GameStop surged 15.88% on Wednesday after reports circulated that GameStop is preparing to unveil a new website for an NFT platform based on Ethereum blockchain technology.
And Spotify has launched a ?Fresh Finds? mentor program with four artists in a bid to overturn negative PR from earlier in the year. The program runs for 6-8 weeks giving artists one-on-one access to mentorship with Spotify members and personalised Masterclasses.