U.S. Stocks Open Higher; Nebius Sinks as It Intends to Raise $3.75 Billion Via Convertible Loan

Tiger Newspress

03/17

US stocks rose on Tuesday as Wall Street built on the momentum seen in the previous session amid developments in the Iran war.

The broad market index rose 0.5%, while the Nasdaq Composite climbed 0.4%. The Dow Jones Industrial Average added 329 points, or 0.7%.

Nebius, Europe's largest AI infrastructure firm, said on Tuesday it aims to raise $3.75 billion via a convertible ⁠loan offering. The shares sank about 8%.

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