U.S. Stock Futures Rise in Early Trading, Energy Stocks Benefit
Stock futures are trading with a positive lean this morning as markets try to stabilize after a run of mixed sessions. Traders are attempting to shake off recent headline-driven volatility and weigh the implications of softer U.S. jobs data and upcoming inflation readings. The mixed mood reflects continued debate about the Federal Reserve's future policy path even as commodity prices, especially oil, are pushing higher due to geopolitical headlines.Energy markets are notable, with oil climbing following a U.S. order to block sanctioned Venezuelan tankers, a development that has lifted energy stocks and contributed to broader risk-asset support. Silver and gold have also moved higher as precious metals benefit from expectations of easier monetary policy and ongoing economic uncertainty.In pre-market trading, S&P 500 futures rose 0.24%, Nasdaq futures rose 0.26% and Dow futures rose 0.20%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Udemyand Courseraup 28% and 12%, respectively, after the companies announced that they have entered into a definitive agreement to combine in an all-stock transactionHut 8up 19% after announcing a partnership with Anthropic and Fluidstack to accelerate the deployment of hyperscale AI infrastructure in the United StatesNetflixup 1% after the Warner Bros. Discoveryboard sent a letter to shareholders saying Netflix's deal terms are superior to the bid from ParamountAmazonup 1% after Reutersthat the company is in discussions with OpenAI to potentially invest about $10B in the ChatGPT makerLOWER -Paramount Skydance (PSKY) down 2% after the Warner board sent a letter to shareholders saying Netflix's deal terms are superior to the bid from ParamountUP AFTER EARNINGS -Jabilup 6%Natuzziup 4%ABMup 2%General Millsup 1%DOWN AFTER EARNINGS -Spire Globaldown 22%Worthingtondown 9%
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Google Launches On-Demand SAT Practice Exams in Gemini
- Launch of Practice Exams: Google is introducing free SAT practice exams within the Gemini app, utilizing rigorously vetted content developed in partnership with The Princeton Review, aimed at enhancing users' exam preparation efficiency.
- Immediate Feedback Mechanism: After completing the practice tests, Gemini provides immediate feedback, helping students identify strengths and weaknesses, thereby optimizing their study strategies and improving their chances of passing the exam.
- Impact on Education Stocks: This initiative by Google could impact education stocks such as Coursera, Nerdy, and Duolingo, particularly intensifying competition in the online learning and test preparation sectors.
- Positive Market Reaction: Alphabet's stock has gained positive traction, rising 1.59% due to the launch of this new feature, indicating market recognition and anticipation of its educational technology strategy.
Udemy (UDMY) Investigated for Proposed Sale to Coursera (COUR) at 0.8 Shares per Share
- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Udemy's proposed sale to Coursera at 0.8 shares per Udemy share, aiming to assess the adequacy of the deal and whether it undervalues Udemy.
- Shareholder Rights Concern: The terms of the deal have raised concerns regarding shareholder rights, with KSF seeking to confirm if the transaction adequately reflects the company's true value, which could impact shareholder decisions and future earnings.
- Legal Consultation Services: KSF is offering legal consultation services, encouraging shareholders who believe the deal undervalues Udemy to reach out, indicating the firm's commitment to protecting shareholder interests.
- Market Reaction Expectations: This investigation may influence Udemy's market performance, particularly regarding shareholder reactions to the deal terms and potential legal actions, which could lead to stock price volatility.
