- The Nasdaq closed Tuesday?s session 0.34% lower at 14,090.
- Microsoft reports record quarterly revenue growth up 19% for Q3.
- Alphabet surged after hours on release of strong Q1 results.
The US markets closed mixed on Tuesday as investors digested the earnings reports released by some tech giants and await the latest Federal Reserve policy announcement on Thursday.
The Dow Jones rose 0.01% to finish the trading day up 3 points to close at 33,985 points.
The tech heavy NASDAQ fell 0.34% to finish the trading day down 49 points to close at 14,090 points.
One bitcoin is worth US$55,025 going into the Asian trading day, up 1.98% in the last 24-hours. Carbuyers.com.au is the latest Australian company to join the Bitcoin bandwagon after launching a new payment system allowing Aussies to choose Bitcoin as the preferred payment method if they wish.
The Australian dollar is firm against the major currencies and is buying 77.69 US cents.
Technology giant Microsoft reported Q3 results overnight including its biggest revenue growth since 2018, up 19% to US$41.7bn. Microsoft beat all analyst estimates for top and bottoms lines. PC sales drove revenue growth fuelled by pandemic restrictions and work-from-home orders.
Google?s parent company Alphabet also reported strong first quarter results. Google?s revenue rose 34% from the same period a year earlier, while YouTube ads topped US$6.01bn for the quarter, up 49% from the same period a year earlier.
And Instagram is reportedly creating a marketplace to connect Influencers and brands for paid collaborations on the platform in a matchmaking style platform.