- The Nasdaq closed 0.7% lower at 14,543 on Thursday.
- Tesla shares fell again following Musk tweet about Cybertruck ?flop?.
- Biogen shares plunged almost 7% after clinics rejected its Alzheimer?s drug.
The US markets closed mixed on Thursday as investors digested Fed Chair Jerome Powell?s comments about inflation remaining elevated for the coming months before moderating.
The Dow Jones rose 0.15% to finish the trading day up 54 points to close at 34,987 points.
The tech heavy NASDAQ fell 0.7% to finish the trading day down 102 points to close at 14,543 points
One bitcoin is worth US$31,810 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 74.25 US cents.
Tesla shares fell again on Thursday after CEO Elon Musk tweeted ?To be frank, there is always some chance that Cybertruck will flop?. Reports then circulated that Tesla?s Cybertruck may be the company?s first flop, indicating competitors like Ford?s F-150 Lightning will be ?more usable as trucks?.
Biogen shares plunged almost 7% on Thursday after the Cleveland Clinic and Mount Sinai said they won?t administer Biogen?s recently FDA approved Alzheimer?s drug, Aduhelm, based on current data regarding its safety and effectiveness.
And new emojis are in the works to hit smartphones in the near future including a pregnant man, trolls and a melting face.