Nasdaq Dips 150 Points; US ISM Manufacturing PMI Rises In June
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2025
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Source: Benzinga
Stock Market Performance: U.S. stocks showed mixed results with the Dow rising by 1.03%, while the Nasdaq fell over 150 points and the S&P 500 declined slightly; notable movements included significant gains for Atai Life Sciences and Wolfspeed, while Oragenics and Sonim Technologies saw substantial losses.
Economic Indicators: The ISM manufacturing PMI rose to 49 in June, surpassing previous estimates, while job openings increased to 7.769 million; however, construction spending decreased by 0.3% month-over-month, indicating mixed economic signals.
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About SONM
Sonim Technologies, Inc. is a provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users. The Company distributes its products primarily through major wireless carriers. The Company has products available at all three United States Tier-one carriers-AT&T, T-Mobile and Verizon as well as the three primary carriers in Canada-Bell, Telus and Rogers, Telstra in Australia, and multiple carriers throughout Europe. The ruggedized mobility solutions target three end markets: industrial enterprise, public sector, and consumers. It serves various sectors, such as critical communications, first responders, government, industrial, construction, hospitality, and logistics. In addition, its devices provide a wide range of connectivity options for its end customers, including location tracking and Bluetooth for certain of its devices, and its phones support a wide range of global frequencies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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