08:18 AM EDT, 05/13/2024 (MT Newswires) -- US stock futures are trending modestly higher in Monday's premarket activity as investors await key inflation data coming out Tuesday and Wednesday,

The Dow Jones Industrial Average futures were up 0.2%, S&P 500 futures were rising 0.3%, and Nasdaq futures gained 0.3%.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.7% and 0.8% respectively.

Slated for release Tuesday morning from the Bureau of Labor Statistics is the latest reading of the Core Producer Price Index, which measures the change in the selling price of goods and services sold by producers, excluding food and energy.

The index is a leading indicator of consumer inflation, which will come out on Wednesday when the BLS releases the closely watched consumer price index.

On the winning side, shares of Tevogen Bio ( TVGN ) soared more than 55% after the company said late Friday that it has signed a binding term sheet with an existing investor to secure up to $50 million of financing. AC Immune ( ACIU ) shares jumped 47% after the company said Monday it has signed an exclusive, worldwide option and license agreement with Takeda Pharmaceutical (TAK). Shares of GameStop ( GME ) rose 33%, after investor Keith Gill, known on social media as "Roaring Kitty," returned to posting on X after a three-year absence, according to media reports. Gill triggered a trading craze for the stock in 2021.

On the losing side, shares of Barnes & Noble Education ( BNED ) tumbled nearly 35%, adding to a more than 7% loss on Friday. Shares of Aethlon Medical ( AEMD ) were down 9%, adding to a 2.5% loss the previous session.