financetom
Market
financetom
/
Market
/
Investors Await New Home Sales, GDP Data as US Futures Mixed in Wednesday's Premarket
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Investors Await New Home Sales, GDP Data as US Futures Mixed in Wednesday's Premarket
Jun 26, 2024 5:23 AM

08:09 AM EDT, 06/26/2024 (MT Newswires) -- US stock futures were mixed in Wednesday's premarket session, ahead of new home sales data set to be released later this morning, and the Commerce Department's final reading of Q1 economic growth coming out on Thursday.

The Dow Jones Industrial Average futures were down 0.23%, S&P 500 futures were off 0.05%, and Nasdaq futures were up 0.10%.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.59% and 0.63% respectively.

In equities, shares of Syntec Optics ( OPTX ) soared 219% in Wednesday's premarket session, after a 1.7% gain on Tuesday. Anew Medical's ( WENA ) stock surged 142% after it said Wednesday that it received a patent in Europe for its Klotho gene sequence and gene delivery systems to treat diminished cognition, memory loss, dementia, and other neurodegenerative diseases. And shares of Rivian Automotive ( RIVN ) jumped 40% after German automaker Volkswagen said late Tuesday that it will invest up to $5 billion in the electric vehicle maker.

On the losing side, shares of GRI Bio ( GRI ) plunged 9% after it said in a regulatory filing Wednesday that it plans to launch an offering of stock and warrants. Shares of Sypris Solutions ( SYPR ) dropped 16%, adding to a 1% loss from Tuesday.

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 Midday Stories: China Raises US Tariffs to 125%; Big Banks Kick Off Earnings Season
Top Midday Stories: China Raises US Tariffs to 125%; Big Banks Kick Off Earnings Season
Apr 11, 2025
11:48 AM EDT, 04/11/2025 (MT Newswires) -- US stock indexes were mixed in late-morning trading Friday after China raised tariffs on US imports to 125% and the latest consumer sentiment data came in below expectations. In company news, JPMorgan Chase ( JPM ) reported Q1 earnings Friday of $5.07 per diluted share, up from $4.44 a year earlier and above...
Janus Henderson fund manager says investors should cut exposure to stocks as recession looms
Janus Henderson fund manager says investors should cut exposure to stocks as recession looms
Apr 11, 2025
* Janus Henderson ( JHG ) recommends 55% equities, 45% bonds amid recession fears * Tariffs threaten global growth, prompting shift to investment-grade bonds * Potential recovery catalysts in Europe and China include fiscal stimulus (Adds title in headline, first paragraph,) By Saeed Azhar NEW YORK, April 10 (Reuters) - Janus Henderson ( JHG ), which manages $379 billion in...
US STOCKS-Wall St dips on tariff worries, big banks kick off earnings season
US STOCKS-Wall St dips on tariff worries, big banks kick off earnings season
Apr 11, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Indexes down: Dow 0.31%, S&P 500 0.25%, Nasdaq 0.24% * JPMorgan ( JPM ) up after beating quarterly profit estimates * Beijing increases tariffs on US imports to 125% (Updates after markets open) By Shashwat Chauhan and Purvi Agarwal...
Janus Henderson fund manager says investors should cut exposure to stocks as recession looms
Janus Henderson fund manager says investors should cut exposure to stocks as recession looms
Apr 11, 2025
NEW YORK (Reuters) -Janus Henderson ( JHG ), which manages $379 billion in assets, is advising investors to cut stock holdings and buy more investment-grade sovereign bonds as tariffs threaten to slow global growth, its global head of its multi-asset strategy said. Janus Henderson ( JHG ) now recommends a portfolio of 55% equities and 45% bonds, compared with its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved