- The Nasdaq surged 1.8% to close Thursday?s session at 13,536.
- Robinhood prepares to launch IPO investing for retail traders.
- Oatly successfully debuted on Wall Street with a US$13bn valuation.
The US markets rebounded on Thursday as new jobless claims in the US hit a pre-pandemic low last week of 440,000.
The Dow Jones rose 0.6% to finish the trading day up 188 points to close at 34,084 points.
The tech heavy NASDAQ rose 1.8% to finish the trading day up 236 points to close at 13,536 points with Tesla and Netflix gaining 4.14% and 2.86% respectively.
One bitcoin is worth US$40,907 going into the Asian trading day, trading 7.34% higher in the last 24-hours.
The Australian dollar is stronger against the major currencies and is buying 77.74 US cents.
Trading system Robinhood unveiled a new platform yesterday that will allow retail investors the opportunity to buy shares in IPO?s, a notion that has long been exclusive to the domain of Wall St funds. Robinhood, which is also preparing to go public, will roll out the IPO investing platform in phases for users on the app.
Plant-based milk brand Oatly Group made a successful debut on Wall Street yesterday with an IPO at US$17/share and raising US$1.4bn. Oatly sold part of its stock to the likes of Oprah Winfrey and Jay Z as well as Blackstone in the lead up to the IPO, and shares surged to close the session at US$20.20/share valuing the company around US$13bn.
And Gen Z are turning to TikTok to get career advice as HR managers are taking to the popular platform to give the younger generation tips on how to get their dream job.