08:06 AM EST, 12/20/2024 (MT Newswires) -- US stock futures were trending lower in Friday's premarket session as investors await key inflation data set for release later in the morning.

The Dow Jones Industrial Average futures were down 0.62%, S&P 500 futures were falling 0.99%, and Nasdaq futures were down 1.54%.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude falling 0.48% and 2.24% respectively.

Monthly and annual core inflation figures will be reported at 8:30 am ET by the Bureau of Economic Analysis. Inflation for November is expected to decline to 0.2% from 0.3% in October and rise to 2.9% on an annual basis from 2.8%, according to Bloomberg.

The Michigan Consumer Sentiment Index, which gauges how US consumers feel about the economy, will also be released later in the morning. Forecasters expect the index to rise to 74 in December from 71.8 in November, according to Bloomberg. Meanwhile, the consumer expectations component is forecast to drop to 71.5 for December from 76.9 the previous month.

In equities, shares of My Size ( MYSZ ) soared 250% in Friday's premarket session, adding to a 21% gain on Thursday. Nvni Group ( NVNI ) shares jumped 107% after skyrocketing 317% the previous day. And shares of Psyence Biomedica (PBM) rose 66%, adding to a 61% gain on Thursday.

On the losing side, shares of Molecular Templates ( MTEM ) plunged 55% after reporting late Thursday that trading of its stock will be suspended on Dec. 26 from Nasdaq due to its failure to comply with multiple requirements for continued listing. Hyzon Motors ( HYZN ) stock tumbled 42% after saying Friday that it notified its employees in Illinois and Michigan of pending layoffs. The hydrogen fuel cell manufacturer cited its inability to raise funding as well as uncertainty over the availability of government subsidies. Shares of Cyngn ( CYN ) fell 40% after losing 4.7% Thursday.