08:06 AM EST, 01/15/2025 (MT Newswires) -- US stock futures are rising in Wednesday's premarket session as investors anxiously await key inflation data this morning.

Dow Jones Industrial Average futures were up 0.41%, S&P 500 futures were rising 0.34%, and Nasdaq futures were moving 0.38% higher.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.25% and 0.45% respectively.

The latest reading of the consumer price index and core CPI, which excludes food and energy, will be released at 8:30 by the Bureau of Labor Statistics. Annual inflation for December is expected to rise to 2.9% from 2.7% in November, according to Bloomberg, while monthly inflation is forecast to increase to 0.4% from 0.3%. Annual and monthly Core CPI is expected to remain unchanged at 3.3% and 0.3% respectively.

In equities, shares of Safe & Green ( SGBX ) soared 104% in Wednesday's premarket session after it signed a binding letter of intent to acquire 100% of the outstanding securities of New Asia Holdings. Crown Crafts ( CRWS ) surged 56% after a slight gain in the previous session, and Vision Marine Technologies ( VMAR ) shares jumped 46% after it disclosed late Tuesday that it filed a patent application with the US Patent and Trademark Office for its battery authentication encryption technology.

On the losing side, shares of NL Industries ( NL ) plunged 34% following a slight gain in the previous session. Spyre Therapeutics' ( SYRE ) stock dropped 27%, adding to a 3.5% loss on Tuesday, and shares of Giftify ( GIFT ) tumbled 24%, more than erasing a 9% gain from the previous session.