- The Nasdaq closed Monday?s 1.4% higher at 13,661.
- Amazon surged on reports of US$9bn MGM acquisition announcement.
- Virgin Galactic skyrocketed 28% on ?flawless? manned spaceflight test.
The US markets started the week in the green as investors regained confidence in the pace of economic recovery which decreased overriding fears of an inflation related hike in interest rates.
The Dow Jones rose 0.5% to finish the trading day up 186 points to close at 34,394 points.
The tech heavy NASDAQ rose 1.4% to finish the trading day up 190 points to close at 13,661 points with Tesla and Google gaining 4.4% and 2.63% respectively.
One bitcoin is worth US$39,550 going into the Asian trading day, up 12.30% in the last 24-hours.
The Australian dollar is firm against the major currencies and is buying 77.54 US cents.
Amazon surged today after the tech giant is set to announce an acquisition deal of MGM movie studio as soon as today. The reported US$9bn including debt will see MGM?s catalogue of franchises like the James Bond, Pink Panther, Rocky and more join the Amazon library.
Shares in Virgin Galactic skyrocketed as much as 28% in its best session of the year after a ?flawless? manned spaceflight test to an altitude of 55.45 miles. The latest test is a milestone in marking just three more to go before the company can begin launching paying customers on the flight within the next year.
And one of the first ever viral videos ?Charlie bit my finger? YouTube clip has been sold as an NFT for US$760,999 with the possibility it may be removed from YouTube to be ?memorialised on the blockchain?.