Morning Movers: DigitalBridge jumps following deal to be acquired by SoftBank

Stock futures are trading slightly lower to begin the final trading week of the year, as markets settle back into holiday mode after a strong rally that pushed the S&P 500 and Dow to record highs last week. Traders are wrestling with profit-taking in major tech and AI-linked names even as the broader benchmark indexes remain close to all-time peaks. Precious metals have pulled back, contributing to cautious positioning among risk assets, while energy and select cyclical names show pockets of relative strength.

Globally, European markets have been mostly flat as basic-resources gains offset declines in defensive and aerospace stocks, and Gulf markets have shown mixed performance as traders balance expectations for U.S. rate cuts with weak oil prices. 

In pre-market trading, S&P 500 futures fell 0.31%, Nasdaq futures fell 0.48% and Dow futures fell 0.12%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

HIGHER –

• Praxis Precision (PRAX) up 11% after reporting that the FDA has granted breakthrough therapy designation for ulixacaltamide
• DigitalBridge (DBRG) up 9% after SoftBank Group (SFTBY) entered into a definitive agreement to acquire the company for a total enterprise value of approximately $4B
• Coupang (CPNG) up 2% after announcing it will offer 1.69T KRW in compensation to 33.7M users impacted by the recent personal information breach
• Energy Fuels (UUUU) up 2% after exceeding previously disclosed guidance for finished uranium production, mined uranium ore production, and uranium concentrate sales for FY25

LOWER –

• Nvidia (NVDA) down 1% after Intel (INTC) disclosed the completion of the issuance and sale of 214,776,632 shares of the company’s common stock to Nvidia for an aggregate purchase price in cash of $5B
• Lululemon (LULU) down 1% after founder Chip Wilson launches a proxy fight at the athletic-apparel retailer in an effort to remake the company’s board