Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

US stock market report – Nasdaq defies growth slowdown, Bitcoin ETF launched

US stock markets were mixed on Monday with the Nasdaq outperforming strongly, gaining 0.8% as Facebook (NASDAQ: FB), Tesla (NASDAQ: TSLA) and Costco (NASDAQ: COST) all climbed more than 2%.

Amazon’s hiring spree, Apple unleashes the beast

Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) also gained, with the former announcing its intention to hire another 150,000 staff to meet growing demand.

Meanwhile, Apple held its latest product event, headlined by third-generation AirPods and the new line of MacBook Pros, powered by two new market-leading Apple silicon chips.

Featured video: These 5 key lessons will help you invest in global stocks

Bitcoin ETF launched

But all eyes were on the crypto sector after ProShares launched the world’s first Bitcoin ETF, the ProShares Bitcoin Strategy ETF (NYSE: BITO), with many suggesting it could send the price into six figures.

Meanwhile, the UK central bank has flagged the potential for rate hikes to deal with the current inflation problem, despite the fact that it is being driven by a circa fivefold increase in energy prices.

US stock market movers

These US stocks were among the biggest movers on Monday.

  • Macy’s (NYSE: M) up 17.5%
  • Cloudflare (NYSE: NET) up 7.8%
  • Affirm (NASDAQ: AFRM) up 7.2%
  • NetApp (NASDAQ: NTAP) down 4.3%
  • Zillow (NASDAQ: Z) down 9.5%
  • Toast (NYSE: TOST) down 8.4%

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is expected to open lower on Tuesday. For a round-up of the latest news, check out my ASX 200 morning report.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.


At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

Powered by

Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

Skip to content