Cryptocurrencies

    US markets green; Spotify rose on Apple app store news; Moderna rallied on booster shot application

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    Highlights
    • The Nasdaq closed 0.1% higher at a fresh record 15,331 on Thursday.
    • Spotify rallied 6.5% after Apple announced direct link to external websites.
    • Moderna rose almost 2% on half-dose booster shot filed for FDA approval.

    The US markets rallied on Thursday as US new weekly jobless claims fell to a new pandemic low of 340,000 last week, signalling economic recovery in the labour market.

    The Dow Jones rose 0.37% to finish the trading day up 131 points to close at 35,444 points.

    The tech heavy NASDAQ rose 0.1% to finish the trading day up 22 points to close at 15,331 points with Netflix and Apple gaining 1.11% and 0.75% respectively.

    One bitcoin is worth US$49,347 going into the Asian trading day.

    The Australian dollar is stronger against the major currencies and is buying 74 US cents.

    Shares in Spotify climbed 6.5% on Thursday after Apple announced it will allow media apps like Spotify and other streaming services to link to their own respective websites for payment. The direct link from Apple to Spotify removes the 10% - 20% commissions Apple previously made through app store fees on each sign up of external party services.

    US biotech company Moderna jumped just under 2% yesterday after the company filed initial data with the US FDA for clearance of a third-dose booster shot of its COVID-19 vaccine. The vaccine application is for a lower dose that is half the dosage of Moderna?s initial COVID-19 shot and results showed the booster shot raised antibody levels against the delta strain by more than 40-fold in a trial.

    And Twitter is rumoured to be joining the crypto market by soon allowing users to tip others with Bitcoin through the use of Strike to generate bitcoin Lightning invoices.

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