The S&P 500 finished flat on Tuesday, with the likes of Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) pacing the market and ensuring the Nasdaq was strongest, adding 0.3%. The Dow Jones continued to weaken, falling 0.1%.
There was more positive news around jobs growth, with job openings hitting 9.3 million in April, well above the 8.2 million expected as lockdowns come to an end.
Fastly outage takes major websites offline
The news of the night, however, was the failure of content distribution network Fastly (NYSE: FSLY), which is the technology supporting major sites ranging from Reddit, Twitch and Pinterest to the Australian Financial Review and Financial Times.
Dozens of sites were hit by an outage yet the company’s shares finished more than 11% higher after quickly rectifying the issue.
Biogen’s Alzheimer’s shock
Elsewhere, Biogen (NASDAQ: BIIB) jumped over 30% after the FDA approved their latest version of an Alzheimer’s treatment, the first such approval in over 20 years.
US stock market movers
Here’s how other popular US stocks performed overnight.
- Stitch Fix (NASDAQ: SFIX) up 14.1%
- Virgin Galactic (NSYE: SPCE) up 8.1%
- Opendoor (NASDAQ: OPEN) up 6.2%
- Cloudflare (NYSE: NET) up 4.6%
- Amazon (NASDAQ: AMZN) up 2.1%
- Uber (NYSE: UBER) down 1.7%
- Doordash (NYSE: DASH) down 4.0%
- Upstart (NASDAQ: UPST) down 4.7%
Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is expected to push higher when the market opens on Wednesday. For all the latest, check out Rask Media’s ASX 200 morning report.
