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HomeTrading RoomBefore Tuesday's Stock Market Begins, Here Are Five Things to Know

Before Tuesday’s Stock Market Begins, Here Are Five Things to Know

To begin their trading day, investors should be aware of the following key news items:

1. A brand-new month

On Monday, the Dow Jones Industrial Average fell 0.6% to begin the second quarter as investors considered fresh inflation data in anticipation of a slowdown in the market’s rally. The tech-heavy Nasdaq Composite increased by 0.11%, while the S&P 500 dipped by just 0.2%.

2. Making a public announcement

Following a hiatus that began at the end of 2021, the IPO market is beginning to show some signs of life. On Monday, the nine-year-old data security software provider Rubrik filed to go public. In its IPO prospectus, the firm stated that it started out providing hardware for data backup and has since moved to the cloud, where its software “detects, analyses, and remediates data security issues and unauthorised user actions.” Rubrik intends to use the ticker sign “RBRK” to trade on the New York Stock Exchange.

3. Division of team

Microsoft is going to start selling Teams, a chat and video programme, outside of Office. Six months after the products were separated in Europe to avert a possible EU antitrust fine, the decision was made. Zoom and Salesforce-owned Slack, which complained to the European Commission in 2020 about Microsoft’s antitrust practices, may benefit from the split.

4. Net drop

The former president Donald Trump’s company, Trump Media & Technology Group, announced a $58.2 million loss on just $4.1 million in revenue in 2023, sending its shares plunging 21% on Monday.

5. Taking a vacation

In light of the Boeing aircraft delivery delays, United Airlines is requesting that its pilots take voluntary, unpaid time off next month. This year, the carrier anticipates receiving fewer Boeing 737 Max 8 and 9 aircraft than it contracted for. According to United Pilots Union, the airline will likely extend its leave policy “for the summer bid periods and possibly into the autumn.”

Source (CNBC)

SourceCNBC
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