- The Nasdaq plunged 2.41% at 12,609 points to start the week.
- GameStop surged 41% yesterday following strategy board formation.
- Tesla?s market value has dropped US$277bn since last month.
The US markets finished mixed as rising bond yields sent the tech-heavy Nasdaq into a free fall with Apple shedding 4.1%, extending its decline for the year to 12%.
The Dow Jones rose 1% to finish the trading day up 306 points to close at 31,802 points. The tech heavy NASDAQ fell 2.41% to finish the trading day down 311 points to close at 12,609 points.
Investors are also keeping an eye on President Biden?s US$1.9tn relief bill that?s expected to be approved by the House today.
The Australian dollar has weakened to 76.56 US cents.
One Bitcoin is worth US$51,725 after it gained 1.54% overnight, while Ethereum is currently priced at US$1,802.
GameStop soared more than 41% on Monday after the gaming retailer announced it has formed a committee to explore options for transforming the company into a technology business.
Tesla has shed more than US$277bn in market value over the last month as rising bond yields turn investors away from growth stocks and toward sectors believed to benefit from global economic recovery. Tesla shares fell 5.84% yesterday in its fifth consecutive session in the red.
And Amazon?s Dash Smart Shelf is being reviewed as not so smart at all as consumers note the shelf is too small to place a number of household items on like toilet paper, and the system being triggered to reorder items if users remove them for too long.