- The Nasdaq soared 1.7% on Monday to close at 13,706.
- Google defeats Oracle in decade-long court battle over Java code.
- Tesla rallies on exceptional first-quarter performance.
The US markets started the week in record territory across two of the three key indexes as investors responded positively to new evidence of the US economy recovering from the pandemic.
Jobs data for last month released on Friday also showed a surge in hiring, especially in the services sector.
The Dow Jones rose 1.1% to finish the trading day up 374 points to close at 33,527 points, a fresh record high while the S&P500 also hit a record high 4,077.91 after finishing the session up 1.44%.
The tech heavy NASDAQ rose 1.7% to finish the trading day up 225 points to close at 13,706 points with Tesla and Google gaining 4.43% and 4.11% respectively.
The Australian dollar is firm against the major currencies and is buying 76.58 US cents.
One bitcoin is worth US$58,671 going into the Asian trading day, up 0.63% in the last 24-hours. Yesterday, the crypto market hit an all time high US$2 trillion market capitalisation.
Google surged on Monday after winning a decade-long, multibillion-dollar court battle over Oracle after the US Supreme Court ruled that Google didn?t commit copyright infringement when using Oracle-owned Java programming language for the Android system.
Tesla shares rallied after strong first-quarter performance exceeding estimates after producing over 180,000 vehicles and delivering 184,800 of them in the first-quarter. The EV giant said its new Model S and Model X vehicles have been ?exceptionally well received? and are ramping up production as a result of strong performance.
And the makers of Fortnite, Epic Games, have provided a $131,000 grant to Australian medical training provider EmergiSim to train paramedics using VR headsets and controllers to treat virtual patients anywhere at any time.