US stock futures were lower in Friday's premarket session as investors await key inflation data followed by consumer expectations and sentiment readings coming out later in the morning.
The Dow Jones Industrial Average futures were down 0.1%, S&P 500 futures were off 0.2%, and Nasdaq futures were declining 0.3%.
Oil prices were moving marginally lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.12% and 0.09% respectively.
The monthly Core Personal Consumption Expenditure Price Index, which measures the changes in the price of goods and services purchased by consumers, excluding food and energy, will be released by the Bureau of Economic Analysis at 8:30 am ET. Analysts expect the index to remain unchanged in February at 0.3%, according to Bloomberg.
On an annual basis, the core PCE price Index for February is forecast to rise to 2.7% from 2.6% in the previous month, according to Bloomberg.,
And the University of Michigan Consumer Sentiment Index, which compiles survey results comparing the relative level of current and future economic conditions, will be released at 10:00 am ET. Expectations are for the index to remain flat in March at 57.9, according to Bloomberg.
In equities, shares of Portage Biotech (PRTG) soared 156% in Friday's premarket session after the company reported overnight "encouraging" efficacy data in a murine mesothelioma model with PORT-7 given as a single agent or in combination with an anti-PD-1 antibody. DBV Technologies (DBVT) shares jumped 52% after it disclosed late Thursday financing of up to $306.9 million to fund a peanut allergy patch for children aged four to seven years old. And Top Wealth Group's (TWG) stock surged 29% adding to a 13% gain on Thursday.
On the losing side, shares of BT Brands (BTBD) plunged 60%, adding to a nearly 4% loss on Thursday. XTI Aerospace (XTIA) shares tumbled 33% after it said late Thursday that it is planning a public offering of its common shares and warrants. And shares of Cricut (CRCT) dropped 23% after a slight loss the previous session.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.