- The Nasdaq closed 0.2% higher on Monday at 14,860.
- Golden Nugget Online Gaming skyrocketed 50% on takeover news.
- Moderna soared 17% on Australian approval & other use of mRNA tech.
The US markets closed mixed to start the week as the price of oil slipped on reduced Chinese oil imports in July and growing concerns that the global spread of the COVID-19 Delta variant could impact oil demand.
The Dow Jones fell 0.30% to finish the trading day down 107 points to close at 35,102 points .
The tech heavy NASDAQ rose 0.2% to finish the trading day up 24 points to close at 14,860 points with Tesla and Google gaining 2.1% and 0.7% respectively.
One bitcoin is worth US$46,286 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 73.29 US cents.
Shares in Golden Nugget Online Gaming skyrocketed 50.77% on Monday after the company announced it had agreed to be acquired by digital sports entertainment giant DraftKings for US$1.56bn. Under the deal, Golden Nugget Online shareholders will receive 0.356 DraftKings shares. DraftKings will bring 5 million customers into its ecosystem in a bid to help boost its iGaming efforts beyond sport seasons.
US-based biotech company Moderna surged 17% after the TGA approved its COVID-19 vaccine for use in Australian for anyone over 18-years-old. The rally in Moderna shares was also boosted by news that the mRNA technology used in its COVID-19 vaccine has the potential to treat cancer, malaria and other diseases.
And instead of shipping kids off to summer camps in the US, parents are now sending their kids to AI summer camps where children aged 5-18 learn how to code, learn basic computer science and develop program language skills.