Investors Await Business Activity, Home Sales Data as US Equity Futures Point to Mixed Open for Wall Street

MT Newswires Live
21 Feb

US equity futures were mixed ahead of Friday's opening bell as traders eyed business activity and existing home sales data.

The Dow Jones Industrial Average futures fell 0.5%, S&P 500 futures increased 0.1%, and Nasdaq futures were up 0.4%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% at $76.08 per barrel and US West Texas Intermediate crude down 0.6% at $72.05 per barrel.

The flash Composite Purchasing Managers' Index is scheduled for release at 9:45 am ET.

Existing home sales, due at 10 am ET, are seen dropping to a 4.13 million annual rate for January from 4.24 million in the preceding month, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei closed 0.3% higher, Hong Kong's Hang Seng ended 4% higher, and China's Shanghai Composite finished 0.9% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.

In equities, NaaS Technology (NAAS) stock was 57% higher pre-bell after the company said it launched a $10 million share buyback program. Celsius Holdings (CELH) shares were up 32% following a deal to acquire energy drink maker Alani Nutrition for $1.80 billion.

On the losing side, Rivian Automotive (RIVN) shares were down 6.5% after the recall of certain R1S and R1T vehicles over a headlight issue.

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