Overseas stock markets have taken a breather overnight, with the best two-day run this year for the Dow Jones was followed by a gain of 0.1%.
The Nasdaq continues to dominate, adding 0.6% as bond rates remain low, with the S&P 500 sitting in between with a 0.3% gain.
Bargain hunting investors pulled back on buying despite positive news from both Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX) showing that a third dose of the vaccine combatted the impacts of the Omicron variant.
The travel sector remained strong behind United Airlines (NASDAQ: UAL) and American Airlines (NASDAQ: AAL) which gained 4% and 2%, respectively.
Apple’s supply slowdown
Apple (NASDAQ: AAPL) added another 2% despite reports that production of iPhones and iPads in China was down some 20% due to a lack of supply of important digital inputs.
Crypto leaders grilled
Shares in Coinbase (NASDAQ: COIN) were broadly flat as the crypto sector continues to testify to Congress in an effort to stem the growing pressure for a significant increase in regulation of the sector.
Roku share price streams higher
Finally, streaming platform Roku (NASDAQ: ROKU) surged nearly 19% after announcing it had finally agreed on a deal with Alphabet (NASDAQ: GOOGL) to maintain the YouTube TV app on its digital streaming platform.
US stock market movers
Here’s how other popular US stocks performed on Wednesday.
- DocuSign (NASDAQ: DOCU) up 10.9%
- Peloton (NASDAQ: PTON) up 9.9%
- Roblox (NYSE: RBLX) up 7.6%
- Kraft Heinz (NYSE: KHC) down 3.9%
- Confluent (NASDAQ: CLFT) down 5.6%
- Stitch Fix (NASDAQ: SFIX) down 23.9%
Despite this positive lead from US markets, the S&P/ASX 200 (ASX: XJO) is tipped to open lower this morning. For a round-up of the latest news, check out my ASX 200 morning report.
