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US markets dipped; Lucid popped 2% on Q3 results; Boeing soared 5.5% on orders & update.

  • The Nasdaq fell 0.04% on Monday to close the session at 15,854 points.
  • Lucid popped 2% after reporting first earnings results as a listed company.
  • Boeing surged 5.5% on new freighter orders and updates on 787 Dreamliners.

The US markets started Monday’s session higher before pulling back in afternoon trade to end the session less than 0.1% lower across the three key indices as investors await the response of companies to the recent inflation spike.

On Monday, President Biden signed the landmark US$1 trillion infrastructure bill into law, unlocking funds for utilities, roads, transportation, broadband, education, climate change and more.

The Dow Jones fell 0.04% to finish the trading day down 13 points to close at 36,087 points.

The tech heavy NASDAQ fell 0.04% to finish the trading day down 7 points to close at 15,854 points.

One bitcoin is worth US$63,885 going into the Asian trading day.

The Australian dollar is stronger against the major currencies and is buying 73.47 US cents.

Lucid shares popped 2% yesterday after the EV maker reported its first quarterly results as a publicly listed company. For the third-quarter, Lucid reported increased reservations for its Air sedan to 13,000 by the end of September/Q3, to now 17,000 midway through Q4, closed Q3 with US$4.8bn in cash, and announced the Air sedan won the 2022 MotorTrend Car of the Year award.

Shares in Boeing jumped 5.47% on Monday after the airline manufacturer announced it is getting close to resuming deliveries of the 787 Dreamliner, following a suspension to deal with production issues. Boeing also announced over the weekend that it has received new orders for its converted freighters.

And a McDonald’s order in the US has gone viral on TikTok as the US$7000 order from a prison for 6400 items included 1600 McChicken sandwiches, 1600 McDoubles and 3200 cookies.

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