US stock futures were rising slightly in Friday's premarket activity as investors awaited key inflation and manufacturing data coming out later in the morning.
The Dow Jones Industrial Average futures were up 0.4%, S&P 500 futures gained 0.2%, and Nasdaq futures advanced slightly.
Oil prices were moving sharply lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude falling 1.2% and 1.4% respectively.
The Bureau of Economic Analysis will be releasing monthly and annual core personal consumption expenditure at 8:30 am ET, while the Chicago Purchasing Managers' Index reading for February will come out at 9:45 am ET.
In equities, shares of BioXcel Therapeutics (BTAI) jumped 33% after the company said Friday that it has regained compliance with the Nasdaq Stock Market's minimum closing bid price requirement. Apollomics (APLM) shares surged almost 38% following a 3.7% loss Thursday. Shares of Medicus Pharma (MDCX) advanced 15%, adding to a nearly 12% gain the previous session.
On the losing side, shares of DocGo (DCGO) tumbled 26% after Deutsche Bank downgraded the company's stock Friday to hold from buy, and lowered its price target to $2.85 from $5. Shares of DLocal (DLO) shed 22% after the company reported late Thursday Q4 earnings and revenue that missed analyst forecasts.
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