Texas Instruments to Acquire Silicon Labs for $231 per Share
Stock futures are mixed and have shown modest signs of stabilization after a sharp downturn in software and AI-related technology stocks yesterday, prompting some investors to treat the technology selloff that pressured equities broadly as a buying opportunity. Against that backdrop, defensive sectors and commodity-linked assets have drawn interest, particularly as gold reclaimed levels above $5,000 an ounce, reflecting continued demand for safe havens amid uncertainty.In pre-market trading, S&P 500 futures rose 0.11%, Nasdaq futures fell 0.34% and Dow futures rose 0.22%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Silicon Labsup 49% after signing a definitive agreement under which Texas Instrumentswill acquire the company for $231 per share in an all-cash transactionUP AFTER EARNINGS -Eli Lillyup 9%Johnson Controlsup 5%GE HealthCareup 5%Fox Corp.up 2%Equifaxdown 1%Fortiveup 1%DOWN AFTER EARNINGS -AMDdown 10%Boston Scientificdown 9%Chipotledown 4%AbbViedown 2%Uberdown 2%Cognizantdown 2%Yum! Brandsdown 1%LOWER -Texas Instrumentsdown 3% after entering a definitive agreement to acquire Silicon Labs
