08:23 AM EDT, 03/28/2024 (MT Newswires) -- US stock futures were little changed in Thursday's premarket activity ahead of a slew of economic data coming out this morning, including GDP, initial jobless claims, and consumer sentiment reports, as well as the monthly pending home sales index.

The Dow Jones Industrial Average futures were up 0.01%, S&P 500 futures were down 0.04%, and Nasdaq futures were moving 0.03% lower.

Q4 GDP data, which is slated for release at 8:30 am ET is expected to remain unchanged at 3.2%, according to Investing.com. Weekly initial jobless claims, which will be announced at the same time, are expected to rise to 212,000 from 210,000.

The University of Michigan Consumer Sentiment Index, which is set for release at 10:00 am ET, is expected to decline slightly to 76.5 from 76.9, according to Investing.com. And the National Association of Realtors' pending home sales report, which also comes out at 10:00 am ET, is expected to rise 1.4% for February after falling 4.9% the previous month.

Oil prices were moving sharply higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 1.2% to $86.45 a barrel and 1.5% to $82.58 a barrel respectively.

On the winning side, Avalo Therapeutics AVTX) skyrocketed past 291% in Thursday's premarket session after it said late Wednesday that it acquired AlmataBio and its lead asset AVTX-009 to treat hidradenitis suppurativa, a severe autoimmune disease. Kidpik ( PIK ) shares jumped 80% premarket, adding to a 5% gain on Wednesday. And shares of Cazoo Group ( CZOWF ) climbed 46% after soaring 101% the previous session.

On the losing side, shares of biopharmaceutical company NuCana ( NCNA ) tumbled 21% after it said Wednesday it will change the ratio of its American depositary shares to its ordinary shares to one ADS representing 25 ordinary shares from its current one-to-one ratio. MillerKnoll ( MLKN ) shares shed 16% after it reported fiscal Q3 adjusted earnings late Wednesday that missed analyst forecasts. And shares of Wetouch Technology ( WETH ) dropped 14%, adding to a 33% loss on Wednesday.