financetom
Market
financetom
/
Market
/
Investors Await Key Inflation Data for April as US Futures Remain Flat in Wednesday's Premarket
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Investors Await Key Inflation Data for April as US Futures Remain Flat in Wednesday's Premarket
May 15, 2024 5:35 AM

08:11 AM EDT, 05/15/2024 (MT Newswires) -- US stock futures were flat in Wednesday's premarket session as investors anxiously await key inflation data later in the morning.

The Dow Jones Industrial Average futures were up 0.01%, S&P 500 futures gained 0.02%, and Nasdaq futures were off 0.02%.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.69% and 0.67% respectively.

The core consumer price index for April is set for release by the Bureau of Labor Statistics at 8:30 a.m. ET and is expected to increase 0.3% on the month, according to Bloomberg and Investing.com, compared with a 0.4% rise in March. On an annual basis, inflation is expected to rise 3.4% from a year earlier, compared with an annual 3.5% rise in March.

On the winning side, shares of Sintx Technologies ( SINT ) soared 122% in Wednesday's premarket session, adding to a 42% gain on Tuesday. Faraday Future Intelligent Electric ( FFIE ) shares stock jumped 109%, piling on to a massive 368% gain from the previous session. Shares of Greenwave Technology Solutions ( GWAV ) surged 58%, adding to a nearly 7% gain on Tuesday.

On the losing side, shares of Virpax Pharmaceuticals ( VRPX ) plunged 45%, adding to a 20% loss from the previous session. Shares of Bolt Biotherapeutics ( BOLT ) fell 31% after it was downgraded Wednesday by several analyst firms. DLocal ( DLO ) shares tumbled 30% after it reported Q1 earnings Wednesday that missed analyst forecasts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top brokerage calls for July 5: Morgan Stanley expects FY20 GDP growth at 6.5%, Macquarie downgrades Titan
Top brokerage calls for July 5: Morgan Stanley expects FY20 GDP growth at 6.5%, Macquarie downgrades Titan
Jul 4, 2019
The benchmark indices are likely to open on a flat note as investors remain cautious ahead of the Union Budget 2019. On Thursday, the market remained positive for the fourth consecutive session. The BSE Sensex gained 68.81 points to close at 39,908.06 while the Nifty 50 rose 30 points to 11,946.80. Among brokerages, Morgan Stanley is cautiously optimistic on the growth outlook, while CLSA believes the govt will focus on the investment-led model. Here are the other top brokerage calls for Friday:
Budget 2019: Experts pick these 10 stocks that can surge after July 5
Budget 2019: Experts pick these 10 stocks that can surge after July 5
Jul 3, 2019
The Indian economy has shown signs of sluggishness with the GDP slipping towards 5.8 percent in the March quarter, down from a cyclical high of 8.1 percent in the March quarter of 2018.
Top stock ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Friday
Top stock ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Friday
Jul 4, 2019
Among stocks, Ashwani Gujral is bullish on ICICI Prudential, UPL, Amara Raja Batteries, UltraTech Cement, and Siemens. Sudarshan Sukhani is positive on ACC and negative on Tata Motors and Hindalco. Mitessh Thakkar has a 'buy' call on Grasim Industries, ICICI Prudential, Petronet LNG and 'sell' call on Titan.
Union Budget 2019: Stocks to watch out for during the FM's speech
Union Budget 2019: Stocks to watch out for during the FM's speech
Jul 5, 2019
Finance Minister Nirmala Sitharaman's focus will likely be on the rural economy, housing, employment and welfare schemes. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to remain volatile during the Budget session today. Experts believe the government could announce new measures for banking and financial services, real estate, agriculture and infrastructure sectors. Here are the stocks to watch out for during the Budget:
Copyright 2023-2026 - www.financetom.com All Rights Reserved