Nokia Corp.
(NYSE:NOK) stock is trending upward on Monday, engineering a swift recovery after experiencing a sharp 13% decline during Friday's trading session.
The telecommunications and networking giant is regaining its footing as tech sector momentum and broader market optimism lift investor sentiment.
On Monday, market futures indicated a positive open for Wall Street, with Nasdaq futures rising 0.83% and S&P 500 futures gaining 0.41%.
Read Also: Stock Market Today: Dow Jones Futures Fall, S&P 500 Gains As Israel, Iran Exchange Missile Strikes—SK Telecom, Nebius, AMD In Focus Bouncing Back From Bond-Induced Profit-Taking Monday's advance followed a sharp selloff on Friday, when investors took profits after Nokia announced a 500 million euro (about $581 million) senior bond offering and broader weakness weighed on technology stocks.
