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US Futures Modestly Lower Ahead of Key Retail Sales Data
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US Futures Modestly Lower Ahead of Key Retail Sales Data
Nov 15, 2024 12:28 PM

08:09 AM EST, 11/15/2024 (MT Newswires) -- US stock futures are trading lower in Friday's premarket session ahead of the release of key retail sales figures.

Dow Jones Industrial Average futures were off 0.3%, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.7% lower.

Oil prices were moving marginally lower, with front-month global benchmarks North Sea Brent crude down 0.4% at $72.30 per barrel and US West Texas Intermediate crude declining 0.3% at $68.50 per barrel.

Monthly retail and core retail sales figures will be released at 8:30 am ET. Retail sales are expected to decelerate to 0.3% from 0.4% in September, while core retail sales are expected to decelerate to 0.3% from 0.5%, according to Bloomberg.

In equities, shares of the Arena Group ( AREN ) skyrocketed 252% after it reported late Thursday that it swung to a profit in Q3, which it said is its first profitable quarter ever. Beneficient's (BENF) shares soared 63% after it reported Thursday that it swung to a profit in fiscal Q2 of 2025. Greenidge Generation's ( GREE ) stock jumped 46% after it said Friday that a New York judge overturned the New York State Department of Environmental Conservation's denial of its application for renewal of a Title V Air Permit.

On the losing side, shares of TSS, Inc. ( TSSI ) plunged 36% after a 1% gain on Thursday. Quantum Computing's ( QUBT ) shares tumbled 29% after it said late Thursday it has agreed to a registered direct offering of 16 million shares of common stock at $2.50 per share for gross proceeds of $40 million. And shares of Independent Bank Corporation (IBCP) shed 26%, adding to a slight loss the previous session.

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