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US markets green; Nio rose 5.5% on December price details; Jefferies tanked on Q4 results

  • The Nasdaq rose 0.2% to close Wednesday’s session at 15,188 points.
  • Nio popped 5.5% on details of average cost per vehicle in December.
  • Jefferies Group fell 9.3% on Q4 results falling short of estimates.

The US markets seesawed throughout the midweek session before closing the day in positive territory as investors assessed fresh economic data showing consumer prices rose at their fastest pace in 40-years at 7% last month, which was in-line with expectations.

The Dow Jones rose 0.1% to finish the trading day up 38 points to close at 36,290 points.

The tech heavy NASDAQ rose 0.2% to finish the trading day up 35 points to close at 15,188 points with Tesla and Google gaining 3.93% and 1.16% respectively.

One bitcoin is worth US$43,937 going into the Asian trading day.

The Australian dollar is firm against the major currencies and is buying 72.84 US cents.

China-based EV manufacturer Nio jumped 5.5% yesterday after the company’s communications chief announced some upbeat details about Nio’s pricing performance in December. Ma Lin, Nio’s corporate communications chief said in a WeChat post that the average sales price across Nio’s three current models in December was US$69,700, and the average selling price of Nio’s oldest model, the ES8 SUV, was US$84,400.

Shares in American multinational independent investment bank and financial services company Jefferies Group sank 9.27% on Wednesday after the company released Q4 and FY21 results that missed analysts’ expectations. For the quarter, Jefferies reported EPS of US$1.2/share on revenue of around US$1.8bn, which fell short of market expectations.

And Microsoft has launched a Walkie Talkie feature of its Microsoft Teams system available to all users, turning a smart device into a Walkie Talkie and is partnering with Zebra Technologies to add a dedicated push-to-talk button on a range of Zebra mobile devices.

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