- The Nasdaq rose 0.12 points to close the midweek session at 15,236.
- Alphabet jumped 5% on Q3 results soaring past Wall St estimates.
- Ford surged 8.5% in after-hours trade following release of strong Q3 results.
The US markets finished the midweek session mostly lower as investors hold concerns over a number of issues including President Biden?s spending plans and the unwinding of the Fed?s easy money policy.
The Dow Jones fell 0.74% to finish the trading day down 266 points to close at 35,491 points.
The tech heavy NASDAQ rose 0% to finish the trading day up 0.12 points to close at 15,236 points with Google and Tesla gaining 4.84% and 1.91% respectively.
One bitcoin is worth US$58,605 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 75.06 US cents.
Google parent company Alphabet rallied just under 5% on Wednesday after soaring past Wall St estimates for Q3 results. For the period, Alphabet reported EPS growth of 71% YoY to US$27.99/share, well above the estimated US$23.48/share, revenue of US$65.12bn, well above the US$63.34bn, and operating loss from Google?s cloud division narrowed to US$644m from US$1.2bn.
Shares in automaking giant Ford Motor Company surged 8.5% in after-hours trade following the release of third quarter results. For the period, Ford announced it will reinstate its regular dividend in the fourth quarter, EPS came in at 51c/share compared to the expected 27c/share, revenue of US$36bn, and net income of US$1.8bn.
And popular dating app Hinge is the latest tech company to venture into the audio space, now allowing users to add audio notes and send audio clips to potential matches on the app.