Boeing shares lifted 7% after receiving directives from China’s aviation authority for the Boeing 737 MAX jets.
US markets rallied; Snowflake soared 15.85% on Q3 results; Boeing lifted 7% on Chinese directives for MAX jets.
The Nasdaq rose 0.8% to close Thursday’s session at 15,381 points.
Snowflake soared 15.85% on strong Q3 results & guidance forecast.
Boeing rose 7% on a directive from Chinese authorities for the 737 MAX jets.
The see-saw of sessions for the US markets continued on Thursday as the key indices rebounded from Wednesday’s tumble to close higher despite ongoing concerns of the Omicron variant of COVID-19.
The Dow Jones rose 1.82% to finish the trading day up 618 points to close at 34,640 points.
The tech heavy NASDAQ rose 0.8% to finish the trading day up 127 points to close at 15,381 points with Google and Amazon gaining 1.52% and -0.18% respectively.
One bitcoin is worth US$56,761 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 70.91 US cents.
Cloud computing-based data warehousing company Snowflake surged 15.85% on Thursday after releasing impressive Q3 earnings results and strong guidance for FY22. For the period, Snowflake reported revenue skyrocketed 110% You to US$334.4m, well above analysts estimates of US$305.6m, sales in the Asia Pacific/Japan region soared 219%, total customer base grew 54% to 5416, and management projects product revenue will increase by approximately 104% to US$1.13bn in FY22.
Boeing shares popped 7% on Thursday after China’s aviation authority issued an airworthiness directive on the Boeing 737 MAX aircraft that brings the previously troubled plane one step closer to a green light for flying in Chinese airspace again. The directive instructs Boeing on revisions required before the MAX can return to service, however does not give a firm date on when China will lift the ban on the MAX jets.
And Hyundai’s Ioniq 5 has been revealed as the first ever electric vehicle to win News Corp’s Car of the Year for 2021.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you