- The Nasdaq rose 0.7% to close Wednesday?s session at 14,572.
- Apple fell after a report said new iPhone production will be less due to chip crisis.
- CrowdStrike surged 7% on new products, services & partnerships.
The US markets closed mixed on Wednesday as investors considered a hotter than anticipated inflation report for September with consumer prices increasing more than expected.
The Dow Jones fell 0.001% to finish the trading day down 1 point to close at 34,378 points.
The tech heavy NASDAQ rose 0.7% to finish the trading day up 106 points to close at 14,572 points with Amazon and Google gaining 1.14% and 0.87% respectively.
One bitcoin is worth US$57,260 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 73.78 US cents.
Apple shares fell almost 0.5% following a report from Bloomberg that the tech giant will likely reduce its iPhone 13 production target by up to 10 million units due to the ongoing global chip shortage crisis. Apple had expected to produce 90 million new iPhones in the December quarter but the company is telling manufacturers that the total is likely to be lower.
Investors responded favourably to news from CrowdStrike yesterday, boosting its share price 7%, after it announced a number of new services and features. CrowdStrike unveiled a new Falcon XDR service that extends the company?s endpoint detection to work across its entire cyber security suite in real-time, announced a new Falcon FileVantage service, and shared news of a partnership with Alphabet?s Google Cloud product.
And Square has launched a new funding program for musicians, artists, filmmakers and other creatives working on projects through its ?Cash App Studios? to support growth in the creative industry worldwide.