- The Nasdaq closed 0.38% lower on Tuesday at 14,678.
- Apple shares rallied on reports of a BNPL product launch.
- PLx Pharma skyrocketed 27% on Walmart deal to stock Valazore.
The US markets closed lower on Tuesday as the US inflation report for June was released, showing the US Consumer Price Index rose 5.4% last month from a year earlier, the fastest annual rate since 2008. The data increased investors' doubts that any inflation experienced now is only temporary.
The Dow Jones fell 0.31% to finish the trading day down 107 points to close at 34,889 points .
The tech heavy NASDAQ fell 0.38% to finish the trading day down 56 points to close at 14,678 points
One bitcoin is worth US$32,708 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 74.44 US cents.
Apple shares rallied on Tuesday following reports the tech giant is working with Goldman Sachs to launch a buy now, pay later offering through its Wallet app. Shares in BNPL giant Affirm plunged over 10% following the reports.
Shares in PLx Pharma skyrocketed 27% on Tuesday after the company announced its top product, liquid aspirin capsule Vazalore, will be stocked in 4500 Walmart stores across the US. Three different dosage variants of the Vazalor products will be stocked in the stores.
And scientists at MIT CSAIL have developed an algorithm for a robotic arm that delicately assists humans to put on a jacket in a step toward being able to fully dress disabled people.