- The Nasdaq closed 0.05% higher at 14,823 on Friday.
- AMD jumped 4% on Bloomberg report on the global chip shortage crisis.
- Disney shares rallied 1% on Q3 results including a return to profitability.
The US markets higher on Friday as investor confidence was boosted by strong corporate earnings reports out for the week, with 86% of S&P500 companies that have filed quarterly reports beating analyst expectations.
The Dow Jones rose 0.04% to finish the trading day up 16 points to close at a record high 35,515 points.
The tech heavy NASDAQ rose 0.05% to finish the trading day up 7 points to close at 14,823 points with Netflix and Apple gaining 1.02% and 0.14% respectively.
One bitcoin is worth US$47,014 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 73.66 US cents.
Semiconductor producer AMD jumped 4% on Friday as a new report out of Bloomberg stated the semiconductor shortage crisis is getting worse not better. The wait time to get a contract order for a semiconductor made and delivered is now at its longest time in history at 20.2 weeks, indicating the shortage won?t evaporate by Q4 and that AMD and other semiconductor producers? GPUs and CPUs will go even higher in the future.
Walt Disney rose 1% on Friday as the company reported third-quarter earnings results that beat analysts expectations. For the period, Disney returned to profitability, posting a US$923m profit compared to a US$4.7bn loss for the same period a year earlier. Disney?s parks, experiences and products unit reported revenue growth of 308% to US$4.3bn while total revenue jumped 45% to US$17.02bn, topping analyst expectations of US$16.76bn.
And the world?s first ?Robot Lawyer? has been created by Joshua Browder, the CEO of DoNotPay, a platform that uses AI technology to draft legal letters for users using the most appropriate legal language based on their submitted battle, for anything from challenging a parking fine, to cancelling a gym membership.