☁️ Does Vonage’s Acquisition Give Ericsson The Mojo?
HP zooms on demand; Gap, Nordstrom tumble afterhours.
Hey Global Investor! Here’s what you need to know before the US markets open.
Market Snapshot 📈
S&P 500 (Tuesday’s Close) 4,690.70 +7.76 (0.17%)
NASDAQ (Tuesday’s Close) 15,775.14 -79.62 (0.50%)
FTSE 100 (5 PM IST) 7,274.93 +8.24 (0.11%)
NIFTY 50 (Today’s Close) 17,415.05 -88.30 (0.50%)
USDINR (Today’s Close) 74.39 (1 Year -0.79%)
🔥 Top Movers
Turnaround: HP shares jump after earnings beat, CEO says return to office driving PC demand (HPQ +7.49%)
Defence: Gap CEO defends air freight investments despite margin hit, says its about competing for holidays (GPS -16.21%)
Headwinds: Nordstrom shares tumble as earnings fall short, hurt by higher labour costs, weak Nordstrom Rack sales (JWN -23.18%)
Later Today 🕒
Deere & Co. Earnings (DE)
7:00 PM IST: Initial Jobless Claims
8:30 PM IST: Core Inflation
12:30 AM IST: FOMC Minutes
Today’s Market Terminology: Book Value
Book value of a company is the company’s equity value as reported in its financial statements. It is calculated by dividing the common stockholders’ equity less the preferred stock, divided by the number of common shares
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