- The Nasdaq rose 0.5% to close the midweek session at 14,502 points.
- Facebook is slowing the release of new products amid recent backlash.
- Moderna shares plunged on Scandinavian health officials' new findings.
The US markets rallied on Wednesday as President Biden met with a number of the top CEOs in corporate America in a bid to gain support for raising the US debt ceiling ahead of the mid-October deadline.
The Dow Jones rose 0.30% to finish the trading day up 102 points to close at 34,417 points.
The tech heavy NASDAQ rose 0.5% to finish the trading day up 68 points to close at 14,502 points with Amazon and Google gaining 1.27% and 0.86% respectively.
One bitcoin is worth US$55,531 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 72.78 US cents.
Facebook is reportedly slowing the release of new products and updates following recent backlash after former employee, Frances Haugen, leaked thousands of internal documents about the social media giants? ?harmful products? during a US trial, according to the Wall St Journal.
Moderna shares plunged 9% on Wednesday after Scandinavian health officials said they would move to limit the use of its COVID-19 vaccine in children and young adults after preliminary data from a study showed a potential higher risk of heart inflammation in younger people who received the vaccine.
And Justin Bieber has launched a ?Peaches? pre-rolled cannabis joints line inspired by the star?s hit single ?Peaches?.