- The Nasdaq fell 0.48% to close Friday?s session at 13,471.
- Apple shares hit by CEO taking to witness stand in trial against Epic.
- Boeing shares surged on rectified 737 MAX jet issues and FAA approval.
The US markets closed mixed on Friday as negotiations over President Biden?s US$2.3tn infrastructure plan continued. The Biden administration offered a reduction to US$1.7tn as a counter to the Republicans proposed US$568bn alternative.
The Dow Jones rose 0.4% to finish the trading day up 124 points to close at 34,208 points. For the week the Dow Jones lost 0.5%.
The tech heavy NASDAQ fell 0.48% to finish the trading day down 65 points to close at 13,471 points. For the week the NASDAQ gained 0.3%.
One bitcoin is worth US$35,619 going into the Asian trading day, trading 7.5% lower in the last 24-hours following China?s renewed warning of a severe crackdown in cryptocurrencies.
The Australian dollar is stronger against the major currencies and is buying 77.33 US cents.
Apple shares took a hit on Friday after CEO Tim Cook took to the witness stand in Epic?s trial against Apple over antitrust concerns. Cook countered claims that Apple is a monopoly and rebutted the argument that Apple improperly bans competing app stores on iPhones.
Shares in airline manufacturer Boeing surged on Friday after the airline began resuming 737 MAX jet deliveries after 20-months of issues with the jet. The FAA has also approved Boeing?s fix of its most recent issue, electrical faults, with the jets which allowed Boeing to begin fixing the estimated 350 planes affected.
And Fisker has announced it will make the first all-electric popemobile using a modified version of its Ocean SUV. Fisker CEO Geeta Gupta-Fisker and automotive designer Henrik Fisker met with Pope Francis to show proposed images of the design on Thursday.