Market highlights and 5 ASX small caps to watch on Tuesday

Wall Street mixed ahead as Nasdaq hits record highs

Major indices in the US were mixed on Monday, with tech stocks leading the way, ahead of Thursday’s US Fed key policy meeting.

The Dow Jones fell by 0.25%, S&P 500 rose by 0.18%, and tech heavy Nasdaq closed higher by 0.74%.

Stocks like Apple and Tesla led the gain in tech, helping the Nasdaq to its record highs.

In crypto market, Bitcoin has rebounded to US$40,200 level at 8am AEST, from the US$36,800 last Thursday.

The jump came after Elon Musk tweeted that Tesla would accept BTC again if half of it can be mined using clean energy.

ASX nears record high

The ASX ended the week on a high note, finishing up 0.13 per cent on Thursday with most sectors in positive territory.

For the week, the index gained 0.23 per cent, and briefly touched its record highs before retreating slightly.

In big cap news, Suncorp (ASX:SUN) says it could lose up to $50m from claims related to severe weather in Victoria.

5 ASX small caps to watch today

CV1 Group (ASX:CV1)
The job screening tech company provided a trading update for May, reporting a $2.2m revenue which was a record month for the company. CV1 said it benefited from its ongoing ability to secure repeat business from its 3,000-strong corporate client base, as it continued the recovery from the COVID-19 pandemic.

Anteris Tech (ASX:AVR)
The healthcare company focusing on the heart announced the successful completion of its Proof of Concept animal study testing the viability of Adapt-treated conduits in the carotid artery. The company said the conduits treated with the Adapt process showed no evidence of calcification, as indicated by histopathology. Adapt aims to deliver a functional cure to aortic stenosis patients.

Zelira Therapeutics (ASX:ZLD)
The company will launch CBD toothpaste in the UK via an exclusive distribution agreement with Health House International (HHI). HHI will purchase and distribute a minimum US$250,000 of Zelira’s CBD Toothpaste over the first six months of the agreement, and a further US$250,000 over the second six months.

Keypath Education (ASX:KED)
The recently listed company has increased its full year revenue guidance for FY21 from US$91 million contained in the company’s prospectus to US$94-96 million. The company attributed the upgrade to the positive momentum in the business during the fourth quarter, driven by robust enrolment growth and strong student retention.

iSentia Group (ASX:ISD)
The media intelligence company said that it has entered into a takeover deal with Access Intelligence to acquire 100% of the shares in Isentia it does not already own (around 20 per cent) for $17.5 per share in cash. The offer implies an enterprise value of $67 million for Isentia, and the company’s share price closed at 7c on Thursday.