US markets mixed; Zynga skyrocketed 40%; Lululemon dipped on Q4 results update.
- The Nasdaq rose 0.1% to close Monday’s session at 14,943 points.
- Zynga skyrocketed 40% on a takeover offer from Take-Two Interactive.
- Lululemon dipped 2% on updated expectations for Q4 results to be lower due to omicron.
The US markets started the week mixed as another session on Wall St was buoyed by investor fears of the Fed raising interest rates in the very near future.
The Dow Jones fell 0.45% to finish the trading day down 4.81 points to close at 36,231.66 points.
The tech heavy NASDAQ rose 0.1% to finish the trading day up 7 points to close at 14,943 points with Tesla and Google gaining 3.03% and 1.15% respectively.
One bitcoin is worth US$41,711 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 71.76 US cents.
Video game maker Zynga soared 40.7% after receiving a takeover offer from Grand Theft Auto maker Take-Two Interactive for a cash-and-stock deal worth US$12.7bn. Since going public in 2011, Zynga has acquired six companies for announced prices of more than US$3bn. Take-Two shares dropped 13% following the takeover announcement news.
Shares in athletic apparel giant Lululemon fell almost 2% on Monday after the company announced Q4 earnings and sales will likely come in at the lower end of estimates due staff issues and reduced store opening hours related to the omicron variant of COVID-19. Lululemon expects Q4 revenue around US$2.125bn and adjusted EPS of US$3.25 to US$3.32/share.
And Tesla has added chill and assertive self-driving modes to its automated driver assistance feature, offering driver’s the option for the self-driving Tesla to drive more closely to other cars and change lanes more frequently, or drive more cautiously.
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