- The Nasdaq closed 0.01% lower at 13,736 on Thursday.
- PayPal now allows users to withdraw cryptocurrencies acquired.
- Ford surged on RBC upgrade following clarity over EV focused strategy.
The US markets finished mixed on Thursday as US Treasury Secretary Janet Yellen called for more aggressive government spending and US GDP at a 6.4% annual rate in the first quarter increasing signs of economic recovery.
The Dow Jones rose 0.4% to finish the trading day up 142 points to close at 34,465 points.
The tech heavy NASDAQ fell 0.01% to finish the trading day down 2 points to close at 13,736 points.
One bitcoin is worth US$38,500 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 77.41 US cents.
PayPal has announced it will now allow users to withdraw cryptocurrency holdings from its platform in a bid to enable customers the choice of where they wish to take the crypto acquired on PayPal. Previously the company only allowed customers to buy cryptocurrencies including Bitcoin on the platform.
US-based automaking giant Ford surged 7% yesterday after RBC upgraded its stock to outperform following Ford?s updated business strategy giving more clarity on the company?s electric-vehicle focused future.
And Twitter has unintentionally confirmed a new $2.99/month in-app purchase for ?Twitter Blue? as Twitter?s app store listing had the feature recently added despite it not being fully enabled yet. Twitter Blue allows users to ?undo? tweets and offers more customisable options.