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.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this
48% of businesses say they will not raise prices, primarily due to the desire to...read more