Morning Movers: Nvidia dips after SoftBank sells out of stake

Stock futures are leveling off. Global equities rose on signs that the United States federal government shutdown may soon end, but the rally appears somewhat tempered. Despite the positive momentum, some of the pullback in prior weeks remains in focus. The 10-year U.S. Treasury yield touched 4.11% as investors factor in the reopening of federal data flows and the possibility of shifting interest-rate expectations.

Gold has pulled back slightly from recent highs, as safe-haven demand eased in line with the growing reopening optimism.

Underneath the positive surface there are still looming uncertainties. The shutdown has delayed key economic data, leaving the Federal Reserve with a less clear reading on the economy.

In pre-market trading, S&P 500 futures fell 0.22%, Nasdaq futures fell 0.43% and Dow futures rose 0.07%.

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

HIGHER –

• Surmodics (SRDX) up 50% after announcing that the United States District Court for the Northern District of Illinois has denied a request by the Federal Trade Commission and certain state regulators to issue a preliminary injunction that would have prevented the company and GTCR LLC from consummating the proposed acquisition of the company

UP AFTER EARNINGS –

• ZenaTech (ZENA) up 13%
• ChipMOS (IMOS) up 10%
• Sony (SONY) up 6%
• Brainsway (BWAY) up 4%
• AngloGold Ashanti (AU) up 2%
• Sea Limited (SE) up 1%
• Rocket Lab (RKLB) up 9%

DOWN AFTER EARNINGS –

• Endava (DAVA) down 17%
• CoreWeave (CRWV) down 7%

LOWER –

• Nvidia (NVDA) down 2% after SoftBank disclosed that it sold its entire holdings in the chipmaker for $5.8B in October