- The Nasdaq closed 0.1% higher on Friday at 13,749.
- Salesforce surged on strong Q1 results including 23% revenue growth.
- Boeing shares dipped on a halt in 787 Dreamliner jets due to quality issues.
The US markets finished with modest gains for the last trading week of May as investors awaited President Biden?s US$6 trillion budget initiative.
The Dow Jones rose 0.2% to finish the trading day up 65 points to close at 34,529 points. For the month of May the Dow Jones gained nearly 2%.
The tech heavy NASDAQ rose 0.1% to finish the trading day up 12 points to close at 13,749 points with Google and Netflix gaining 0.38% and -0.21% respectively. For the month of May the Nasdaq lost 1.5%.
One bitcoin is worth US$35,932 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 77.1 US cents.
Salesforce.com surged nearly 6% on Friday after releasing strong first quarter results including a 23% increase in revenue YoY to US$6bn and operating cash flow soaring 74% to US$3.2bn.
Boeing shares took a hit on Friday after reports circulated that deliveries of the 787 Dreamliner would be delayed due to the Federal Aviation Administration requesting details on quality problems in production.
And Amazon is taking employee wellbeing to the next level with the installation of a ?ZenBooth? meditation kiosk into its warehouses to help overworked employees de-stress.