- The Nasdaq closed 1.2% higher at a fresh record high 15,130 on Friday.
- Peloton plunged more than 8% on Q4 loss and 20% cut off Bike price.
- Workday soared 9% on strong Q2 results including 19% YoY revenue growth.
The US markets closed higher on Friday as Fed Chair Jerome Powell eased investor fears by reaffirming the central bank won?t dramatically ease its bond buying program in response to the recent spike in inflation.
The Dow Jones rose 0.69% to finish the trading day up 243 points to close at 35,456 points.
The tech heavy NASDAQ rose 1.2% to finish the trading day up 184 points to close at 15,130 points with Facebook and Netflix gaining 2.26% and 1.6% respectively.
One bitcoin is worth US$48,925 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 73.13 US cents.
Shares in fitness company Peloton plummeted more than 8% on Friday after it announced a 20% reduction in the price of its top-selling Peloton Bike product and a wider-than-expected Q4 loss. For the quarter, Peloton reported a loss of US$1.05/share or US$313.2m compared to the expected US$0.45/share, and revenue of US$936.9m, beating the expected US$927.2m.
Enterprise management cloud solutions company Workday soared more than 9% on Friday after releasing strong Q2 results on Friday. For the period, Workday reported revenue growth of 19% YoY to US$1.26bn, topping analyst estimates of US$1.24bn, and a near 20% rise in subscription revenue to US$1.11bn.
And Toyota has temporarily halted its autonomous shuttle services in Tokyo?s Olympic village after one of the vehicles under manual control collided with a visually impaired Olympic athlete.