Investors Look Ahead to PMI, Home Price Data as US Futures Tread Water in Friday's Premarket

MT Newswires Live
01-24

US stock futures were treading water in Friday's premarket session ahead of a slate of economic data coming out later in the morning

The Dow Jones Industrial Average futures were down 0.25%, S&P 500 futures were off 0.11%, and Nasdaq futures were edging 0.06% lower.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.59% and 0.58% respectively.

Investors will be looking ahead to the manufacturing and services and purchasing managers' index readings, as well as existing home sales data coming out later in the morning.

In equities shares of Allurion Technologies (ALUR) soared 380% after the company said overnight that it plans to initiate a combination clinical study to improve muscle mass and overall body composition. Evaxion Biotech (EVAX) shares shot up 128%, piling on to a 53% gain on Thursday. And Starbox Group's (STBX) stock jumped 81% more than erasing an 18% loss the previous session.

On the losing side, shares of EZCORP (EZPW) plunged 43% after closing flat on Thursday. Jupiter Neurosciences' (JUNS) stock shed 20%, adding to a 60% loss the previous day. And shares of Ctrl Group (MCTR) dropped 18%, paring back its 57% gain from Thursday.

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