- The tech heavy Nasdaq closed 1.3% higher at 14,039.
- Dell surged on VMware spinoff announcement to reduce long-term debt.
- BlackRock reports record assets under management for Q1.
The US markets rallied on Thursday following strong earnings reports from several big banks, continued vaccine rollout and positive economic data including a decline in jobless claims.
The Dow Jones rose 0.9% to finish the trading day up 305 points to close at 34,036 points, topping 34,000 for the first time ever.
The tech heavy NASDAQ rose 1.3% to finish the trading day up 181 points to close at 14,039 points with Apple and Google gaining 1.87% and 1.85% respectively.
One bitcoin is worth US$63,325 going into the Asian trading day, up 0.8% in the last 24-hours.
The Australian dollar is stronger against the major currencies and is buying 77.5 US cents.
Shares in tech manufacturer Dell rose yesterday after the PC maker announced its plans to spinoff the majority stake it holds in VMware Inc. to trim down its business and reduce its long-term debt.
The world?s largest asset manager, BlackRock, reported a 16% jump in quarterly profit and growth of assets under management to US$9tn in the first quarter results released yesterday.
And the organisers of the infamous Fyre Festival have come to a settlement with 277 attendees, agreeing to pay US$7220 to each person to settle the class-action following the 2017 disastrous experience.