US Stock Futures Mixed Start to Holiday-Shortened Week

US stock futures traded in a mixed fashion on Monday, marking the beginning of a holiday-shortened week.

Major Premarket Movers

• Xerox (NASDAQ:XRX): Stock rose 2.6% following reports of a near deal for Lexmark International valued at $1.5 billion, inclusive of debt.
• Apple (NASDAQ:AAPL): Stock increased 0.4% as Wedbush analysts predict a strong holiday season fueled by demand for iPhone 16 upgrades.
• Rumble (NASDAQ:RUM): Stock soared 43% after announcing a strategic investment of $775 million from cryptocurrency firm Tether.
• Qualcomm (NASDAQ:QCOM): Stock up 2.8% after a jury ruled its central processors are properly licensed, while Arm Holdings (NASDAQ:ARM) fell 2.4%.
• News Corp (NASDAQ:NWSA): Stock rose 3.3% as it agreed to sell its Australian cable and streaming company Foxtel to British sports platform DAZN for A$3.4 billion ($2.1 billion), including debt.
• Eli Lilly (NYSE:LLY): Stock increased 1.5% after receiving FDA approval for its obesity drug aimed at adults with obstructive sleep apnea.
• Hyatt Hotels (NYSE:H): Stock rose 0.9% after entering exclusive talks to potentially acquire Playa Hotels & Resorts (NASDAQ:PLYA), whose stock is up 10%, enhancing Hyatt's position in the upscale all-inclusive resort market across the Caribbean and Mexico.