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US Futures Trend Higher Ahead of Durable Goods, House Prices, Consumer Confidence Readings
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US Futures Trend Higher Ahead of Durable Goods, House Prices, Consumer Confidence Readings
Mar 26, 2024 5:43 AM

08:29 AM EDT, 03/26/2024 (MT Newswires) -- US stock futures were trending higher in Tuesday's premarket session ahead of durable goods and house price data, alongside the latest consumer confidence gauge, due later in the morning.

The Dow Jones Industrial Average futures were up 0.2%, S&P 500 futures were 0.4% higher, and Nasdaq futures were gaining 0.5%.

The durable goods report, which measures the change in the total value of new orders for long-lasting manufactured goods will be released at 8:30 am ET. The consensus forecast is for a 1.2% rise in February after a lower-than-expected 6.1% decline the previous month.

The S&P Corelogic Case-Shiller House Price Index, which measures the change in the selling price of single-family homes in 20 metropolitan areas and will come out at 9 am ET, is expected to rise 6.6% during January from a 6.1% increase in December.

The US Conference Board's consumer confidence indicator, slated for release at 10 am ET, is expected to rise slightly to 106.9 in March from 106.7 a month ago.

Oil prices were moving modestly higher, with front-month global benchmarks North Sea Brent crude up 0.2% at $86.24 per barrel and US West Texas Intermediate crude rising 0.2% to $82.16 per barrel.

On the winning side, shares of Stoke Therapeutics ( STOK ) were up over 90% in recent Tuesday premarket activity after the company reported "landmark new data" Monday from two studies of children and adolescents with Dravet syndrome who were treated with STK-001. Check-Cap ( CHEK ) shares were 48% higher after it signed a definitive business combination agreement Monday with Nobul AI. Krispy Kreme (DNUT) stock was up 20% after it said Tuesday it has expanded its partnership to supply doughnuts to McDonald's (MCD) restaurants in the US.

On the losing side, shares of NeuBase Therapeutics ( NBSE ) were down more than 55% in recent Tuesday premarket activity, extending Monday's decline. Ampio Pharmaceuticals ( AMPE ) stock was 32% lower, a day after the company's board voluntarily decided to delist its common stock from the NYSE American. AppTech Payments ( APCX ) shares were down 30% after saying overnight it planned to sell its common shares and pre-funded warrants to purchase its common shares in an underwritten public offering.

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