The US markets were positive, with the major tech companies including Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) delivering the majority of the gains, sending the Nasdaq 0.4% higher.
The S&P 500 and Dow Jones weren’t as strong, adding 0.1% and 0.2% respectively as investors turned away from the stocks likely to benefit from the reopening trade as jobless claims actually rose by 51,000 in the prior week.
Home sales continue to hit records, with the median price jumped 23.4% year-over-year, a similar trend to that of Australia with expats stuck and everyone looking to upgrade.
Intel struggles, Twitter reports
Intel (NASDAQ: INTC) fell after reporting weaker than expected earnings, profit fell slightly to US$5 billion for the quarter, due to a similar decline in revenue of a few per cent.
The culprit was the group’s data centre revenue, down 9%, with memory solutions also dropping 34% after a booming second quarter.
Fortunately, Intel’s ‘internet of things’ revenue connecting everything from fridges to phones grew 47% in just three months.
Finally, Twitter (NYSE: TWTR) reported its fastest revenue growth since 2014, jumping 74% on the back of an 11% increase in users.
US stock market movers
Here’s how other popular US stocks performed on Thursday.
- Domino’s (NYSE: DPZ) up 14.6%
- eBay (NASDAQ: EBAY) up 3.1%
- Twilio (NASDAQ: TWLO) up 3.0%
- Charles Schwab (NYSE: SCHW) down 3.2%
- Texas Instruments (NASDAQ: TXN) down 5.3%
- Bilibili (NASDAQ: BILI) down 6.0%
Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is tipped to open lower on Friday despite this positive lead from US markets. For all the latest, check out Rask Media’s ASX 200 morning report.
