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US markets fell; Just Eat Takeaway surged on Q4 results; Delta rallied on Q4 results

  • The Nasdaq fell 2.51% to close Thursday’s session at 14,807 points.
  • Just Eat Takeaway.com surged 8.5% on Q4 and FY21 results.
  • Delta Airlines rallied 2% after releasing Q4 results that topped expectations.

The US markets closed in negative territory on Thursday dragged down by a sell-off in tech stocks as investors continue to keep a close eye on when the Feds will likely raise interest rates which will have a bigger impact on sectors like technology.

The Dow Jones fell 0.49% to finish the trading day down 177 points to close at 36,114 points.

The tech heavy NASDAQ fell 2.51% to finish the trading day down 382 points to close at 14,807 points

One bitcoin is worth US$42,839 going into the Asian trading day.

The Australian dollar is stronger against the major currencies and is buying 72.8 US cents.

Food delivery company Just Eat Takeaway shares surged 8.5% on Thursday after the Grubhub parent company reported preliminary 2021 results that exceeded market expectations. For the year, Just Eat Takeaway.com reported a 33% YoY increase in total orders to 1.1bn, gross transaction value up 31% YoY to A$44.4bn (€28.2 billion), and expects in excess of A$47bn (€30 billion) to be added to GTV over the next five years.

Shares in Delta Airlines rallied more than 2% yesterday after the US-based airline beat analysts’ estimates for both top and bottom-lines in the fourth quarter. For the quarter, Delta reported adjusted pre tax income of US$170m, adjusted operating revenue of US$8.4bn and total operating expenses decreased US$833m PCP. For FY21, Delta reported an adjusted pre-tax loss of US$3.4bn, a pre-tax profit of US$1.1bn in H2 FY21 and adjusted operating revenue of US$26.7bn. Delta CEO Ed Bastian said the company expects to recover quickly from the Omicron variant of COVID-19.

And SportsArt has unveiled its new G260 Eco-POWR Rower that enables a full body workout while converting the users’ energy into electricity, with just one hour of workout on the machine producing the same amount of electricity to power a desktop computer for almost 2.5 hours.

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