- The Nasdaq closed 1.6% higher on Monday at 14,943 points.
- PayPal rallied on the launch of cryptocurrency services into the UK.
- BioNTech skyrocketed nearly 10% on US FDA full approval of COVID vaccine.
The US markets started the week in positive territory as the FDA moved to grant Pfizer and BioNTech?s COVID-19 vaccine full approval in the US. The approval boosted travel stocks and other shares related to economic recovery.
The Dow Jones rose 0.61% to finish the trading day up 39 points to close at 35,336 points.
The tech heavy NASDAQ rose 1.6% to finish the trading day up 228 points to close at 14,943 points with Tesla and Amazon gaining 3.83% and 2.06% respectively.
One bitcoin is worth US$49,505 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 72.1 US cents.
Shares in PayPal rallied yesterday after the digital payments company announced it will allow customers in the UK to buy, sell and hold cryptocurrencies from this week. The rollout of cryptocurrency services into the UK follows the successful rollout of the feature into the US.
BioNTech shares skyrocketed just under 10% on Monday following the FDA moving to grant full approval for its COVID-19 vaccine in the US. The vaccine was first granted emergency use approval in the US in late 2020.
And one vaccinated 22-year-old student got his COVID-19 vaccination QR code tattooed onto his arm in case he lost the physical COVID-19 vaccine passport card.