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US markets mixed; Airbnb fell 4% on European COVID spike; Boeing fell 6% on 787 Dreamliner defects.

  • The Nasdaq rose 0.4% on Friday to close the session at a record high 16,057.
  • Airbnb shares fell almost 4% as some European countries plunged into lockdown.
  • Boeing tanked just under 6% on Friday amid new reports of 787 Dreamliner defects.

The US markets closed mixed on Friday to end the week as investor optimism about global economic recovery was dampened by a new surge in COVID-19 cases across Europe.

The Dow Jones fell 0.75% to finish the trading day down 269 points to close at 35,602 points .

The tech heavy NASDAQ rose 0.4% to finish the trading day up 64 points to close at 16,057 points with Tesla and Apple gaining 3.71% and 1.7% respectively.

One bitcoin is worth US$59,236 going into the Asian trading day.

The Australian dollar is firm against the major currencies and is buying 72.32 US cents.

Shares in online holiday booking site Airbnb fell almost 4% on Friday amid lockdowns across some European countries. Austria announced a national lockdown starting Monday, while Germany possibly following the same path in the near future as COVID-19 cases surge.

Boeing shares fell just under 6% on Friday following reports from the Wall St Journal that defects in the 787 Dreamliners will continue to impact the timeline of deliveries for the new jets. Just a week after Boeing starred at the Dubai Airshow, shares in the airline manufacturer tanked as certain ‘defective titanium parts’ are delaying the delivery of 787 Dreamliners.

And as the ‘happiest place on Earth’ continues to reopen around the world, Disneyland is launching new Amazon-based voice assistance in theme park hotel rooms from 2022, allowing visitors to ask ‘Hey Disney’ for any questions they have whilst staying.

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