Stock Market Today, March 24: Nokia Rises on 5G Momentum and North American Telecom Spending
Nokia (NYSE:NOK), a mobile, fixed, and cloud network solutions provider, closed Tuesday at $8.25, up 2.36%. The stock moved as investors reacted to [Overnight] pressure in Helsinki trading, while watching 5G momentum and North American telecom spending trends next.
The company’s trading volume reached 50.5 million shares, coming in nearly 20% above compared with its three-month average of 42.1 million shares. Nokia IPO'd in 1994 and has grown 525% since going public.
How the markets moved today
S&P 500 (SNPINDEX:^GSPC) slipped 0.36% to 6,557, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.84% to 21,761.89. Within telecommunications equipment, industry peers Telefonaktiebolaget Lm Ericsson (publ) (NASDAQ:ERIC) closed at $11.46 (+1.24%) and Cisco Systems (NASDAQ:CSCO) finished at $80.86 (+2.59%).
What this means for investors
Nokia moved higher after earlier weakness in Helsinki trading, with gains supported by improving sentiment across telecom equipment peers following positive signals from competitors. The move reflects how expectations around 5G infrastructure demand and carrier spending continue to shape performance across the sector.
The company’s recent annual report outlined a strategy focused on AI-driven network infrastructure, which investors are using as a framework to assess its longer-term positioning. Investors will be watching whether telecom spending trends, especially in North America, will support more consistent growth and progress against these plans.
Should you buy stock in Nokia right now?
Before you buy stock in Nokia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nokia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $503,592!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,076,767!*
Now, it’s worth noting Stock Advisor’s total average return is 913% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of March 24, 2026.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems. The Motley Fool has a disclosure policy.
Recommended Articles
