
US markets fell sharply; Square rallied on name change; Moderna tumbled 11.8% on patent ruling.
- The Nasdaq fell 1.83% on Wednesday to close the session at 15,254.
- Square shares rallied after hours following the name change to Block Inc.
- Moderna tumbled 11.8% on Patent appeal failure & investors questioning vaccine effectiveness.
The US markets fell sharply for a second straight session as the news circulated that the first known case of the Omicron variant of COVID-19 has been identified in the US.
The Dow Jones fell 1.34% to finish the trading day down 462 points to close at 34,022 points .
The tech heavy NASDAQ fell 1.83% to finish the trading day down 284 points to close at 15,254 points
One bitcoin is worth US$57,087 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 71.04 US cents.
Shares in Afterpay acquirer Square Inc. rallied in after-hours trade after CEO and founder of the company, Jack Dorsey, announced Square will change its name to Block Inc. from December 10. The name change comes as the company looks to expand beyond its payment business and into new technologies like blockchain.
Moderna shares took a dive on Wednesday, falling 11.8% as investors questioned how effective COVID-19 vaccines will be against the new Omicron variant of the virus. Moderna shares were also hit after losing an appeal of a patent ruling, where the Patent Trial and Appeal Board found that Moderna had not yet developed its COVID-19 vaccine until after it filed the appeal, pre-pandemic, and that the second patent hadn’t covered an obvious invention.
And Amazon has expanded Alexa’s capabilities for users who shop with Amazon Pharmacy, allowing them to simply say ‘Alexa refill my medications’ and an order will be placed to refill prescriptions.
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
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreThe biggest movers of the featherweight cryptos today
Of the smaller cryptos, these ones were the movers. Mirrored iShares Gold Trust rose 353.48%
...read moreThe biggest movers of the middleweight cryptos today
Of the middle-sized cryptos, these ones were the movers. Metacraft rose 66.39% to US$1.31, closing
...read moreSee more stories like this
