- The Nasdaq fell 0.37% to close the midweek session at 13,582.
- Uber plunged on Q1 results missing estimates despite record Gross Bookings.
- Honest Co. surged 44% on Wall St Debut to a market valuation of US$2.68bn.
The US markets closed mixed at the closing bell of the midweek session as US Treasury Secretary Janet Yellen eased fears of an interest rate hike by clarifying comments she made on Tuesday about the overheating of the US economy leading to higher interest rates.
The Dow Jones rose 0.3% to finish the trading day up 97 points to close at a fresh record high 34,230 points.
The tech heavy NASDAQ fell 0.37% to finish the trading day down 51 points to close at 13,582 points.
One bitcoin is worth US$57,396 going into the Asian trading day, up 8% in the last 24-hours.
The Australian dollar is firm against the major currencies and is buying 77.5 US cents.
US rideshare leader Uber plunged on Wednesday after falling short on revenue estimates, despite beating earnings estimates. Uber reported a net loss of US$108m and revenue of US$2.9bn, below the expected US$3.29bn. Uber reported an all-time high of gross bookings at US$19.5bn, up 24% from the corresponding period a year earlier.
American actress Jessica Alba?s co-founded eco-friendly consumer-goods business Honest Co. soared on its Wall Street debut overnight. Following an IPO at US$16/share, the company specialising in baby and beauty products soared 43.75% to close at US$23/share with a market value of US$2.68bn.
And Facebook has upheld its ban of former President Donald Trump for his role in the January 6th riots on the Capitol. Trump called the decision to ban him ?a total disgrace? and said the big tech companies who have banned him will ?pay a political price?.