- The Nasdaq fell 0.51% on Friday to close the session at 14,580.
- Moderna fell after Finland, Demark & Sweden moved to restrict vaccine use.
- General Motors rallied on Friday after doubling revenue forecast.
The US markets dropped on Friday as the US nonfarm payrolls report fell well short of expectations with just 194,000 jobs created in September compared to the Dow Jones estimate of 500,000.
The Dow Jones fell 0.03% to finish the trading day down 9 points to close at 34,746 points .
The tech heavy NASDAQ fell 0.51% to finish the trading day down 74 points to close at 14,580 points
One bitcoin is worth US$54,651 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 72.94 US cents.
Biotech company Moderna tanked on Friday after Finland, Denmark and Sweden announced they would restrict the use of its COVID-19 vaccine in young people, following a number of cases of rare cardiovascular side effects.
General Motors shares rose just under 4% on Friday after the automaker aggressively increased its investment plans for the EV and autonomous vehicle space, and announced its expectations for annual revenue to double by 2030. Credit Suisse also reiterated its ?outperform? rating on GM shares, saying the automaker has a ?compelling case? for multiple expansion following the company?s investor day.
And Instagram is introducing two new features; one being a ?take a break? feature to encourage teen users to have a break from the platform, and the other is a ?nudge? feature to push teenagers away from harmful content.