- The Nasdaq closed Monday?s session 0.36% lower at 13,850.
- Microsoft set to acquire Nuance Communications for $26bn.
- Uber reports highest monthly bookings in a year for March.
The US markets started the week lower as investors pulled back ahead of earnings season this week. Particular focus is on first quarter earnings from big banks and inflation data out this morning.
The Dow Jones fell 0.16% to finish the trading day down 55 points to close at 33,745 points .
The tech heavy NASDAQ fell 0.36% to finish the trading day down 50 points to close at 13,850 points.
One bitcoin is worth US$59,970 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 76.25 US cents.
Microsoft is set to buy speech-recognition pioneer Nuance Communications for $26bn to expand Microsoft into the medical space through gaining Nuance?s AI technology used to help doctors predict patients? needs and updating digital records. Nuance shares rose just under 16% on Monday.
Uber Technologies reported its highest month in a year for March as vaccination rates increase across the US and lockdown restrictions continue to ease. The rideshare giants? ride-hailing service surpassed $30bn in annualised gross bookings, while its delivery service grew more than 150% from the same period a year earlier.
And Hinge has released a new ?Video Prompts? help to gauge the viability of matches before investing your time into going on an actual date. Hinge will join users on a video call with conversation starter prompts to get to know one another.