- The Nasdaq closed the midweek session 1.2% higher at 13,950.
- UiPath soars on Wall Street debut ending the day up more than 17%.
- Hyundai discontinues first Kona EV following 72,000 recall.
The US markets rallied in the midweek session, overturning two days of declines to close the session higher across the three key indices.
Investors favoured stocks possible to benefit from economic recovery as businesses reopen and more of the population becomes vaccinated.
The Dow Jones rose 0.9% to finish the trading day up 316 points to close at 34,137 points.
The tech heavy NASDAQ rose 1.2% to finish the trading day up 164 points to close at 13,950 points with Tesla and Amazon gaining 3.5% and 0.82% respectively.
One bitcoin is worth US$55,112.75 heading into the Australian trading day, down 1.47% in the last 24-hours.
The Australian dollar is firm against the major currencies and is buying 77.54 US cents.
Automation software company UiPath made its Wall Street debut on Wednesday with an IPO at US$56/share raising more than US$1.3bn before commencing trade at US$65.5/share, 17% higher than its IPO. It closed the session at US$69/share and a market cap. around US$35.6bn.
Hyundai has announced it'll stop making its first electric SUV, the Kona EV, in South Korea following the mass recall earlier this year. Hyundai will instead shift focus to the upcoming Ioniq 5 and other EVs to follow but will still sell the Kona EVs in the US.
Ikea's new virtual design app called Ikea studios uses AR and an iPhone's lidar senses to understand a users' living space to determine whether the preferred Ikea item will fit in the area.