- The Nasdaq closed 0.76% higher on Friday at 13,215.
- China bans military from using Tesla vehicles over security concerns.
- Nike shares take a hit following mixed earnings results.
The US markets closed mixed on Friday but lower for the week across the three key indexes as investors weigh up brightening economic projections against fears of inflation.
The Dow Jones fell 0.71% to finish the trading day down 234 points to close at 32,628 points .
The tech heavy NASDAQ rose 0.76% to finish the trading day up 99 points to close at 13,215 points, but fell 0.8% for the week.
The Australian dollar is firm against the major currencies and is buying 77.28 US cents.
Bitcoin has retreated from record highs last week to trade around US$58,000 this morning.
Cryptocurrency trade platform Coinbase has been fined US$6.5m by the Commodity Futures Trading Commission for allegedly sharing misleading information about trading volumes.
China has reportedly banned its military from using Tesla cars over spying concerns over the data shared from, and cameras installed in the vehicle. Tesla CEO Elon Musk responded by saying ?If Tesla used cars to spy in China or anywhere, we will get shut down?.
Athletic apparel giant Nike fell on Friday after releasing mixed earnings reports and confirming it is laying off employees. Revenue for North America dropped 10% year over year for its fiscal third quarter ended Feb.28, while sales in Greater China rose 51%.
And resisting the urge to buy a chocolate bar at a supermarket counter is becoming even harder as Mars Wrigley?s new ?Smiley? robot hits stores. The autonomous shelf uses sensors to follow shoppers around tempting them with candy bars onboard.