US stock markets were mixed on Monday with the Nasdaq outperforming strongly, gaining 0.8% as Facebook (NASDAQ: FB), Tesla (NASDAQ: TSLA) and Costco (NASDAQ: COST) all climbed more than 2%.
Amazon’s hiring spree, Apple unleashes the beast
Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) also gained, with the former announcing its intention to hire another 150,000 staff to meet growing demand.
Meanwhile, Apple held its latest product event, headlined by third-generation AirPods and the new line of MacBook Pros, powered by two new market-leading Apple silicon chips.
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Bitcoin ETF launched
But all eyes were on the crypto sector after ProShares launched the world’s first Bitcoin ETF, the ProShares Bitcoin Strategy ETF (NYSE: BITO), with many suggesting it could send the price into six figures.
Meanwhile, the UK central bank has flagged the potential for rate hikes to deal with the current inflation problem, despite the fact that it is being driven by a circa fivefold increase in energy prices.
US stock market movers
These US stocks were among the biggest movers on Monday.
- Macy’s (NYSE: M) up 17.5%
- Cloudflare (NYSE: NET) up 7.8%
- Affirm (NASDAQ: AFRM) up 7.2%
- NetApp (NASDAQ: NTAP) down 4.3%
- Zillow (NASDAQ: Z) down 9.5%
- Toast (NYSE: TOST) down 8.4%
Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is expected to open lower on Tuesday. For a round-up of the latest news, check out my ASX 200 morning report.
