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Looming Consumer Inflation Report Drives Premarket Gains for US Equity Futures
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Looming Consumer Inflation Report Drives Premarket Gains for US Equity Futures
Nov 11, 2024 6:15 AM

08:53 AM EST, 11/11/2024 (MT Newswires) -- US equity futures rose before Monday's opening bell as traders looked ahead to consumer inflation data due for release later in the week while the country observes the Veterans Day holiday.

The Dow Jones Industrial Average futures rose 0.4%, S&P 500 futures gained 0.3%, and Nasdaq futures were up 0.3%.

The Consumer Price Index is scheduled for release on Wednesday.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.3% at $72.17 per barrel and US West Texas Intermediate crude 2.6% lower at $68.58 per barrel.

There are no economic data due for release this Monday.

In other world markets, Japan's Nikkei closed 0.08% higher, Hong Kong's Hang Seng ended 1.5% lower, and China's Shanghai Composite finished 0.5% higher. Meanwhile, UK's FTSE 100 rose 0.8%, and Germany's DAX index increased 1.6% in Europe's early afternoon session.

In equities, shares of Tesla (TSLA) were 7% higher pre-bell, extending gains fueled by President-elect Donald Trump's election victory.

On the losing side, Sapiens (SPNS) shares retreated 23% after the company reported Q3 revenue that trailed analyst estimates.

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