US markets mixed; Roku announced a Sharp partnership; Ford soared 12% on production plans.
- The Nasdaq fell 1.33% to close Tuesday’s session at 15,623 points.
- Roku fell despite announcing a partnership with Sharp & leadership position of Roku OS.
- Ford rose 12% on plans to double production of F-150 Lightning pickup truck.
The US markets closed mixed on Tuesday, with the Dow Jones rising to another record as investors piled into stocks tied to economic recovery on the back of upbeat economic data including the Manufacturing Index showing supply chain constraints are starting to ease.
On the employment front in the US, data out on Tuesday shows demand for workers remained historically high in November with 10.562 million job openings for the month.
The Dow Jones rose 0.59% to finish the trading day up 215 points to close at 36,800 points.
The tech heavy NASDAQ fell 1.33% to finish the trading day down 210 points to close at 15,623 points
One bitcoin is worth US$45,921 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 72.41 US cents.
Digital media player and streaming giant Roku was caught up in the tech sell-off on Tuesday despite announcing good news for investors. Roku announced that the Roku Operating System (OS) was the ‘No. 1 smart TV OS sold in the US’ according to NPD Group. The company also announced a new partnership with TV manufacturer Sharp to develop several Sharp Roku TV models.
Shares in auto-making giant Ford jumped almost 12% on Tuesday after the company announced plans to nearly double annual production of its new all-electric F-150 Lightning pickup truck to 150,000 annually by mid-2023.
And Hyundai showed off some of its new robotic concepts at the CES conference for 2022, including ‘Plug and Drive’ (PnD) people-mover pods, and emergency rooms that come to you.
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