Twenty-First Century Fox (FOXA) shares were on watch on reports CEO and controlling shareholder Rupert Murdoch will step down from his role to make way for his son James. A Fox spokesperson said succession is a matter of discussion at the board’s next meeting. Stocks made timid moves higher by midday, slightly extending a huge rally on Wednesday which saw the Dow and S&P 500 post their biggest gains in more than a month. Citrix Systems (CTXS) shares surged after activist investor Elliott Management said it could help the company increase its price by around 50%. Krispy Kreme (KKD) jumped after beating quarterly profit estimates.
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