By Stock futures are heading higher on Friday, as the market aims to end the year on a positive note. Dow Jones Industrial Average futures have gained 56 points, or 0.2%, while S&P 500 futures and Nasdaq 100 futures have both risen by 0.2% as well.
Notable Stock Updates
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Alphabet’s stock, the parent company of Google, has increased by 0.2% to $141.50. This rise follows news that the tech giant has reached a preliminary settlement in a privacy litigation case regarding allegations of tracking internet searches made by millions of users. The trial, originally scheduled for February, has been postponed according to a Reuters report.
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Boeing has announced that all of its 737 MAX aircraft operated by Chinese carriers have returned to service after being grounded in 2019 following two crashes. Though the news is positive for the company, its stock has dipped by 0.3% to $259.68.
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Grand Canyon Education, a firm specializing in course design, faculty training, and student counseling, is facing legal action from the Federal Trade Commission (FTC). The FTC alleges that the company, along with partner Grand Canyon University, deceived prospective students about program costs. The university has refuted these claims in a statement. As a result of this development, Grand Canyon Education’s stock has fallen by 5.9% to $124.77 on Friday.
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