- The Nasdaq fell 0.44% on Thursday to close the session at 14,449 points.
- Nio rose after announcing October 1 as the start of deliveries into Europe.
- Bed Bath & Beyond tanked 22% on missing expectations for Q2 results.
The US markets closed the last day of the quarter sharply lower, rounding out the stock markets? worst month since March 2020. The US Federal government avoided a shutdown after congress passed a bill extending government funding through December 3rd.
The Dow Jones fell 1.59% to finish the trading day down 547 points to close at 33,844 points .
The tech heavy NASDAQ fell 0.44% to finish the trading day down 64 points to close at 14,449 points
One bitcoin is worth US$43,618 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 72.28 US cents.
Shares in China-based EV maker Nio jumped on Thursday after the automaker announced the official entry commencement of deliveries into Europe. Nio?s flagship EV SUV the ES8 will begin shipment to Norway from October 1, into its first service and delivery centre to open outside of China.
US-based domestic merchandise retail chain Bed Bath & Beyond tanked more than 22% yesterday after the company reported disappointing Q2 results. For the quarter, Bed Bath & Beyond reported a net loss of US$0.72/share on revenue of US$1.99bn, with revenue falling US$70 million short of expectations, and 26% lower than the same period a year earlier. The company blamed slower traffic into stores for the poor results.
And Macy?s is suing the Kaufman Organisation to claim rights over its famous flagship Manhattan billboard after the commercial real estate firm said it was considering selling the space to a ?prominent online retailer? which is believed to be Amazon.