- The Nasdaq closed 0.1% higher at 14,781 on Wednesday.
- Robinhood soared 50% as Options Trading commenced.
- General Motors plunged more than 8% on mixed Q2 results.
The US markets finished mixed at the closing bell of the midweek session as ADP Data showed fewer jobs were added than expected in July. For the month, 330,000 jobs were added to businesses? payrolls, the smallest gain since February, after a revised gain of 680,000 in June, signalling further challenges in the labour market.
The Dow Jones fell 0.92% to finish the trading day down 324 points to close at 34,793 points .
The tech heavy NASDAQ rose 0.1% to finish the trading day up 19 points to close at 14,781 points with Facebook and Tesla gaining 2.19% and 0.17% respectively.
One bitcoin is worth US$39,829 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 73.81 US cents.
Trading app Robinhood skyrocketed 50% on Wednesday as Options Trading commenced. HOOD became the number one ticket on WallStreetBets tracker Swaggy Stocks, signalling more than 700 mentions on the Reddit forum. Robinhood?s share price closed the midweek session at US$70.39/share after briefly topping US$85/share mid session up, an increase of 100% in a week.
General Motors plunged more than 8.9% after the auto manufacturer reported mixed second-quarter earnings results. For the period, General Motors reported revenue of US$34.2bn, easing exceeding estimates of US$31bn, but fell short of expectations for earnings per share, impacted by US$1.3bn in warranty costs due to vehicle recalls specifically from the company?s EV Chevrolet Bolt.
And Mattel has included the scientist who led the development of the University of Oxford COVID-19 vaccine in the UK, as part of the new Barbie look-alike range.