Stock Markets Show Mixed Responses as Tech and Aviation Industries Face Changes
Rubrik's IPO filing and Microsoft's strategic shift mark significant developments, while aviation and tech sectors navigate challenges.
- Dow Jones Industrial Average and S&P 500 fall while Nasdaq Composite rises, indicating mixed reactions to new inflation data and the start of a new quarter.
- Rubrik, a data security software company, files for IPO, signaling a revival in the IPO market.
- Microsoft announces the separation of its Teams chat and video app from its Office suite, potentially benefiting competitors like Slack and Zoom.
- Trump Media & Technology Group reports significant losses, with shares plunging 21% following a disappointing financial performance.
- United Airlines requests pilots to take voluntary, unpaid time off due to Boeing delivery delays, highlighting ongoing challenges in the aviation industry.
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