Xerox, Apple, Qualcomm and Rumble rise premarket

Investing.com — US inventory futures traded in a blended style Monday, at first of a holiday-shortened week.

Listed here are a few of the greatest premarket US inventory movers at present:

• Xerox (NASDAQ:XRX) inventory rose 2.6% after the Wall Avenue Journal reported that the IT firm is nearing a deal for Lexmark Worldwide that values the maker of printers and printing software program at $1.5 billion, together with debt.

• Apple (NASDAQ:AAPL) inventory rose 0.4% after Wedbush analysts count on the iPhone maker to witness a powerful vacation season, pushed by strong demand for iPhone 16 upgrades.

• Rumble (NASDAQ:RUM) inventory soared 43% after the video-sharing platform mentioned it has acquired a strategic funding of $775 million from cryptocurrency agency Tether.

• Qualcomm (NASDAQ:QCOM) inventory rose 2.8% after a jury discovered its central processors are correctly licensed beneath an settlement with Arm Holdings (NASDAQ:ARM), down 2.4%.

• Information Corp (NASDAQ:NWSA) inventory rose 3.3% after the leisure large agreed to promote its Australian cable TV and streaming firm Foxtel to British sports activities platform DAZN, for A$3.4 billion ($2.1 billion), together with debt.

• Eli Lilly (NYSE:LLY) inventory rose 1.5% after the US FDA permitted the drugmaker’s weight problems drug for adults with average to extreme obstructive sleep apnea.

• Hyatt Resorts (NYSE:H) inventory rose 0.9% after the inns group mentioned it’s in unique talks to probably purchase Playa Resorts & Resorts (NASDAQ:PLYA), up 10%, a transfer that may considerably increase its presence within the upscale all-inclusive resort market throughout the Caribbean and Mexico.