- The Nasdaq fell 0.52% on Monday to close the session at 14,970.
- Lucid Motors shares jumped 6% on production week preview commencing.
- Moderna fell 4.95% after the CEO predicted the pandemic will end within a year.
The US markets started the week mixed as investors assessed further signs of economic reopening with Brent crude rose 2.1% to trade at the highest level since October 2018. House Speaker Nancy Pelosi also announced the US$1tn bipartisan infrastructure bill will be held on Thursday.
The Dow Jones rose 0.21% to finish the trading day up 71 points to close at 34,869 points.
The tech heavy NASDAQ fell 0.52% to finish the trading day down 78 points to close at 14,970 points.
One bitcoin is worth US$43,123 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 72.84 US cents.
US-based EV maker Lucid Motors soared as much as 6.3% on Monday as the company kicked off its highly anticipated production preview week, hosting tours of its factory in Arizona for the first time. Customers, policy makers and media will all see the technology and processes at the factory for the first time as well as having the chance to test-drive the company?s first luxury sedan, the Lucid Air.
Moderna tumbled 4.95% on Monday after the company?s CEO predicted the pandemic could end within a year. The end of the pandemic could result in a significant decline in sales for Moderna as it?s currently unclear about whether booster COVID-19 shots will be needed.
And Facebook has paused its plans to launch an Instagram for kids app amid growing user concerns of mental health issues related to children under 13 years old using such a platform.