Skillsoft Corp (SKIL) News & EventsSKILSkillsoft Corp

Nasdaq Composite Rises 1.7% as Fed Policy Turns Hawkish

The overall interpretation of yesterday's Fed policy decision was overwhelmingly hawkish, and yet the broadly constructive reaction in risk assets and the decline in Treasury yields served up a reminder that - above all else - markets hate uncertainty.  Tech-heavy Nasdaq Composite led the other indices with a 1.7% advance while S&P 500 - led by Technology, Basic Materials, and Consumer Cyclical sectors - rallied 1.1%, nearly erasing the decline of the past three sessions.The yield on the 10-year fell back below 5%, slipping 6 basis points to 4.95%, and the lower funding costs, in turn, supported the AI capex buildout areas within Technology - eight out of the ten best-performing stocks in the S&P 500, including Intel, AMD, and Sandiskwere in the tech space. A sharp decline in energy prices amid reports that Saudi Arabia is offering additional crude cargoes through Oman  also helped restore a calmer narrative for the market - WTI Crude Oil is now below $97 per barrel, $10 lower from its multi-month peak just three days ago.In the opening hour of the evening session, index futures are marginally lower, with e-minis and Nasdaq 100 down by a decimal.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Skillsoftup 5.2% after insider buyCooper Companiesup 2.8% after WSJ report that Jana Partners is calling for CEO change and core business evaluationPuma Biotechnologyup 1.9% after start of Phase 2 study of alisertib in small cell lung cancerLOWER -Xenon Pharmaceuticalsdown 26.7% after pausing depression study enrollmentSteel Dynamicsdown 3.8% after below-consensus pre-announcementNucordown 3.3% after below-consensus pre-announcement

Skillsoft Launches LX Design Studio to Enhance Learning Content Creation Efficiency

Skillsoft announced the general availability of LX Design Studio, an AI content creation capability that reduces the time required to build custom learning content by up to 85%. This adds AI content creation to Skillsoft's skills management platform, helping organizations turn their expertise into customized learning at the speed and scale that modern work demands.

US Indices Down for Third Day as Oil Prices Rise

US indices were down for the third consecutive trading day as the macro-oriented refrain of higher oil prices and rising Treasury yields continued to haunt sentiment.   Energy was the only S&P 500 sector in the green, with front-month WTI Crude Oil contract testing the upside of $97 per barrel for the first time since May as U.S.-Iran tensions continue to percolate.  Industrials and Consumer Cyclicals were the worst-performing areas of the market and Casey's General Storeswas the worst performing stock in the benchmark.  In Tech, Semiconductors and Software Infrastructure saw some notable gains among stocks like SK Hynix, Marvell, Cloudflareand Akamaiwith relative weakness seen in Hardware and SaaS groups.  Metawas also a notable standout with a positive market reaction to its  personal AI agent Muse release, though Apple'sproduct announcements under its new CEO Ternusdid not produce an outsized reaction in its share price.  Similar to yesterday, the Dow Industrials index fared worse than S&P 500 and Nasdaq Composite given its much greater exposure to Industrials and lower exposure to Energy, as it fell to its lowest level since July with a decline of 0.8%.In the opening hour of the evening session, index futures are mixed - S&P e-minis are marginally higher while Nasdaq 100 is marginally lower.  Crude oil also continues to climb higher, with WTI contract retesting $97.   Inflation data will be top of mind for markets for the next two days - starting with tomorrow's PPI release - heading into next week's FOMC decision.  Fed funds futures are currently tipping a 60% probability of a 25 basis point rate hike next Wednesday and a 50% probability of two 25 basis point hikes over the course of the three remaining Fed decisions this year.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Culpup 18.6%Research Solutionsup 3.8%AeroVironmentup 2.9%ALSO HIGHER -Kinetik Holdingsup 4.3% after Bloomberg report that the company is considering options that include a saleDOWN AFTER EARNINGS -Navandown 16.5%The Cooper Companiesdown 15.7%Skillsoftdown 12.7%American Eagle Outfittersdown 10.3%Kewaunee Scientificdown 9.4%Limoneiradown 7.7%Lakeland Industriesdown 2.4%