- The Nasdaq rose 0.9% to close at 13,752 on Friday.
- Expedia exceeded revenue estimates for Q1 by 14.83%.
- Adidas rallied 8.4% on Friday after exceeding expectations for Q1.
The US markets closed higher on Friday as investors poured into stocks on the notion that the weaker jobs report out last week could slow the Federal Reserve's timeline for raising interest rates.
The Dow Jones rose 0.7% to finish the trading day up 229 points to close at a fresh record high 34,778 points. The Dow Jones added 2.7% for the week.
The tech heavy NASDAQ rose 0.9% to finish the trading day up 119 points to close at 13,752 points with Tesla and Netflix gaining 1.29% and 0.86% respectively. For the week the Nasdaq lost 1.5% following the broad tech selloff early in the week.
One bitcoin is worth US$58,180 going into the Asian trading day. Dogecoin price crashed from near 70 US cents to 55 US cents during Elon Musk?s Saturday Night Live appearance, contrary to what investors had hoped the appearance would do.
The Australian dollar is stronger against the major currencies and is buying 78.56 US cents.
Online travel giant Expedia surged more than 5% on Friday after releasing first-quarter results, including revenue of US$1.25bn which exceeded estimates by 14.83%.
Apparel giant Adidas rallied more than 8% on Friday after releasing Q1 results fuelled by stronger-than-expected demand for products worldwide, with sales in China growing by 156% despite a boycott by consumers in mainland China. The German athletic wear giant reported a net income of 502 million euros for the quarter, up from 26 million euros for the same period a year earlier.
And Apple?s new AirTag has already been hacked and reprogrammed by a security researcher, proving the tracking device is vulnerable through ?breaking into the microcontroller?.