- The Nasdaq rose 0.7% to close Tuesday?s session at 15,129 points.
- Netflix topped all estimates for Q3 including 4.4m new paying subscribers.
- Johnson & Johnson rallied on Q3 results including US$3.67bn profit.
The US markets rallied on Tuesday following the release of strong corporate quarterly earnings reports that topped analyst expectations, as well as President Biden meeting with representatives from the House and the Senate to get the spending agenda back on track.
The Dow Jones rose 0.56% to finish the trading day up 199 points to close at 35,457 points.
The tech heavy NASDAQ rose 0.7% to finish the trading day up 107 points to close at 15,129 points with Apple and Google gaining 1.51% and 0.6% respectively.
One bitcoin is worth US$64,031 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 74.75 US cents.
Netflix released Q3 results after the bell on Tuesday, topping analysts estimates on all fronts for the period. The streaming giant reported EPS of US$3.19/share compared to estimates of US$2.56/share, while global paid net subscriber growth came in at 4.4 millions well above estimates of 3.84 million. Netflix also said it expects to add 8.5 million subscribers in the fourth quarter.
Johnson & Johnson shares popped 2.34% on Tuesday after the pharmaceutical giant reported third quarter results that topped analysts estimates for a number of areas. For the period, J&J reported an adjusted EPS of US$2.60/share compared to the expected US$2.35/share and profit of US$3.67bn. J&J also said it sold US$502m worth of its COVID-19 vaccine in Q3.
And Amazon-owned Zoox is preparing to launch its self-driving taxis to the world in the coming months, but the company is first making sure the vehicles can combat the common driving obstacle of rain by testing the fleet in Seattle, a notoriously rainy city.