- The Nasdaq closed Tuesday?s session 0.05% lower at 13,698.
- Innoviz climbs 6.7% on Nasdaq debut through merger listing.
- Former Disney CEO agrees to take Topps public through SPAC.
The US markets retreated from Monday?s record territory to close lower on Tuesday as investors keep a close eye on rising COVID-19 cases and await the minutes out on Wednesday from last month?s Fed policy meeting.
The Dow Jones fell 0.29% to finish the trading day down 97 points to close at 33,430 points.
The tech heavy NASDAQ fell 0.05% to finish the trading day down 7 points to close at 13,698 points.
The Australian dollar is stronger against the major currencies and is buying 76.62 US cents.
One bitcoin is worth US$58,081 going into the Asian trading day, down just under 1% in the last 24-hours.
Israel-based self-driving car sensor startup Innoviz made a successful debut on the Nasdaq yesterday after completing a merger with publicly listed blank-check firm Collective Growth Corporation Corp that raised US$371m. Its shares rose 6.7% to US$10.4/share.
Former Disney CEO Michael Einser is taking iconic US baseball card company Topps public through a SPAC merger with Mudrick Capital Acquisition Corporation II with a valuation of US$1.3bn. Topps? net sales rose 23% in 2020 to US$567m and it recently expanded into NFT?s.
And Ikea is working with Sonos to produce a Symfonisk line which embeds a Sonos speaker into staple household items like a side table lamp and wall art.