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US markets extended losses; SoFi fell 9.9% on Technisys acquisition; Tempur Sealy plunged 19.4% on Q4 results

  • The Nasdaq fell 1.23% on Tuesday to close the session at 13,382 points.
  • SoFi tumbled 9.9% on the announcement of Technisys acquisition.
  • Tempur Sealy fell 19.4% following Q4 results that fell short of expectations.

The US markets extended losses into the first trading session of this week as investors’ fears of a war between Russia and Ukraine were increased following Russian President Vladimir Putin ordering troops into parts of eastern Ukraine.

The Dow Jones fell 1.42% to finish the trading day down 483 points to close at 33,597 points.

The tech heavy NASDAQ fell 1.23% to finish the trading day down 167 points to close at 13,382 points.

One bitcoin is worth US$37,969 going into the Asian trading day.

The Australian dollar is firm against the major currencies and is buying 72.26 US cents.

SoFi shares tumbled 9.9% on Tuesday after the online personal finance company announced it is acquiring banking software maker Technisys for around US$1.1bn in stock. SoFi said it expects the acquisition to generate between US$500m to US$800m of additional revenue through 2025.

Shares in mattress manufacturer Tempur Sealy plunged 19.4% on Tuesday after the company reported fourth-quarter earnings results that fell short of expectations. For the period, Tempur Sealy reported EPS of US$0.88/share on revenue of US$1.36bn, compared to market expectations of an EPS of US$0.96/share on revenue of US$1.45bn. The mattress giant saw international sales jump 82% from the same period a year earlier, but investors still sold out of Tempur Sealy shares following the results.

And Aldi has launched a new Pizzabot in Sydney which makes hot restaurant-quality woodfired pizzas in just two-minutes for shoppers to enjoy while browsing the stores for just $8.99 a piece.

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