- The Nasdaq fell 0.56% to close Tuesday?s session at 13,304.
- Fisker surged on Q1 results, production update and UK deal signed.
- Walmart surged 2% on Q1 results topping estimates.
The US markets continued to slide on Tuesday as US Treasury Secretary Janet Yellen called for business leaders to pay higher taxes to support the Biden administrations? US$2.3tn Infrastructure Package.
The Dow Jones fell 0.78% to finish the trading day down 267 points to close at 34,061 points.
The tech heavy NASDAQ fell 0.56% to finish the trading day down 75 points to close at 13,304 points.
One bitcoin is worth US$43,114 going into the Asian trading day, down 0.81% in the last 24-hours.
The Australian dollar is firm against the major currencies and is buying 77.93 US cents.
US-based high-end electric carmaker Fisker caught investors attention today with its share price rising nearly 9% after releasing first quarter results. Despite not having any sales yet, investors were impressed by the company being set to start production and deliveries in the next year with 16,000 reservations already. Fisker also announced an agreement with UK-based Onto electric car subscription service for the delivery of up to 700 vehicles in 2023.
US retail giant Walmart surged 2.17% on Tuesday after exceeding all estimates for first quarter results. Walmart posted a revenue of US$138.31bn, easily topping the expected US$131.97bn. Adjusted earnings per share were US$1.69/share compared to the expected US$1.22/share and US e-commerce sales grew 37% for the quarter.
And Google announced at its developer conference yesterday that it plans to expand its Fast Pair system to car keys and other connected devices to pair all gadgets from the one easy Android system.