- The Nasdaq rose 1% to close Thursday?s session at 15,052.
- Salesforce jumped 7% on increased FY22 guidance and issue of FY23 forecast.
- Costco rallied after hours following the release of impressive Q4 results.
The US markets continued to climb on Thursday, closing the session higher across the three key indices as investors remain confident that China is prepared to handle the potential collapse of the Evergrande Group with minimal impact on global markets. The Chinese government asked local governments to prepare for the possible failure of the Evergrande Group on Thursday.
The Dow Jones rose 1.48% to finish the trading day up 507 points to close at 34,765 points.
The tech heavy NASDAQ rose 1.04% to finish the trading day up 155 points to close at 15,052 points with Amazon and Apple gaining 1.06% and 0.67% respectively.
One bitcoin is worth US$44,868 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 73 US cents.
Cloud-based CRM software leader Salesforce jumped more than 7% on Thursday after the company lifted its revenue forecast for FY22 ending Jan. 31, 2022. Salesforce increased its revenue expectation range from US$26.2-$26.3bn to US$26.25-$26.35bn and also issued investors with guidance for FY23 including revenue growth of an expected 20% to a range of US$31.65-$31.80bn as employees globally continue working from home, which increases reliance on cloud-based services.
Shares in retail giant Costco rallied after hours on Thursday after the company released fourth-quarter results that beat analyst estimates. For the quarter Costco reported EPS of US$3.76/share on revenue of US$61.44bn, topping analyst estimates of EPS of US$3.58/share on revenue of US$61.4bn. Revenue rose 17.5% YoY for the fourth-quarter and same store sales rose nearly 10% YoY.
And FedEx is working with autonomous startup Aurora to launch its first self-driving truck to deliver freight along a 500-mile route from Houston to Dallas in Texas in the near future.