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US markets fell; Solid Power soared 14% on Wall St debut; Pfizer rallied on US FDA approval of booster shot.

  • The Nasdaq fell 1.71% to finish Thursday’s session at 15,517 points.
  • Solid Power rose 14% on Nasdaq debut after SPAC deal generating US$542.9m.
  • Pfizer rallied 1.3% after US FDA approved booster shot for 16 & 17 year olds.

The US markets closed lower on Thursday, led by the tech-heavy Nasdaq as investors continue to assess how renewed restrictions around the world due to the Omicron variant of COVID-19, will impact global economic recovery.

The Dow Jones fell 0.00016% to finish the trading day down 0 points to close at 35,755 points.

The tech heavy NASDAQ fell 1.71% to finish the trading day down 270 points to close at 15,517 points

One bitcoin is worth US$48,089 going into the Asian trading day.

The Australian dollar is stronger against the major currencies and is buying 71.47 US cents.

Ford and BMW backed battery cell supplier Solid Power surged as high as 14% to US$14.85/shareduring its Nasdaq debut on Thursday following the completion of a SPAC deal with Decarbonization Plus Acquisition Corp III in June. The SPAC deal generated around US$542.9m for Solid Power which will be used to develop and commercialise a viable product until its first commercial launch with an automaker in 2026.

Shares in Pfizer rose 1.32% on Thursday after the US FDA authorised use of its COVID-19 booster shot in partnership with BioNTech, for administration in children aged 16 and 17 years, at least 6-months after the completion of the primary Pfizer-BioNTech COVID-19 vaccine.

And the viral Crazy Frog song from 2005 is reportedly turning into an official NFT set to be released via METABEATS on the 23rd of December, in addition to a new catchy song called ‘Tricky’ released today on Sony Music.

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