Stock Market Today, March 24: Nokia Rises on 5G Momentum and North American Telecom Spending
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Nokia (NYSE:NOK), a mobile, fixed, and cloud network solutions provider, closed Tuesday at $8.25, up 2.36%. The stock moved as investors reacted to [Overnight] pressure in Helsinki trading, while watching 5G momentum and North American telecom spending trends next.The company’s trading volume reached 50.5 million shares, coming in nearly 20% above compared with its three-month average of 42.1 million shares. Nokia IPO'd in 1994 and has grown 525% since going public.S&P 500 (SNPINDEX:^GSPC) slipped 0.36% to 6,557, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.84% to 21,761.89. Within telecommunications equipment, industry peers Telefonaktiebolaget Lm Ericsson (publ) (NASDAQ:ERIC) closed at $11.46 (+1.24%) and Cisco Systems (NASDAQ:CSCO) finished at $80.86 (+2.59%).Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool