09:18 AM EST, 01/14/2025 (MT Newswires) -- US stocks look set to open higher in Tuesday's trading session as investors were buoyed by lower-than-expected wholesale inflation figures for December.

The Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures were rising 0.4%, and Nasdaq futures were gaining 0.5%.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.8% and 0.7% respectively.

In other world markets, Japan's Nikkei tumbled 1.8%, Hong Kong's Hang Seng surged 1.8%, and China's Shanghai Composite soared 2.5%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was off 0.1 %, while Germany's DAX 40 and France's CAC 40 were up 0.8% and 0.9% respectively.

The producer price index for December, which gauges wholesale inflation, came in at 0.2%, which was down from the previous month's 0.4% and topped analyst expectations of a 0.4% rise, according to Bloomberg. Meanwhile core PPI, which excludes food and energy, was flat compared with analyst forecasts of a 0.3% rise.

In equities, shares of Nature's Miracle (NMHI) soared 146% in Tuesday's premarket activity, erasing a 38% loss from Monday. H&E Equipment Services ( HEES ) shares jumped 106% after the company agreed to be acquired by United Rentals ( URI ) in a deal worth approximately $4.8 billion. Firefly Neuroscience ( AIFF ) surged 115% after it said Tuesday that its BNA technology platform is able to assess a patient's biological brain age using cognitive data, potentially leading to a "scalable" approach to early screening for Alzheimer's patients. Staffing 360 Solutions ( STAF ) stock advanced 55% a day after it said an amendment to its merger agreement with Atlantic International will allow it to convert certain borrowings into equity. Shares of Thornburg Income Builder Opportunities Trust ( TBLD ) rose 33% after a slight gain Monday.

On the losing side, shares of Bogota Financial ( BSBK ) tumbled 32% after rising 2.8% the previous session. Cryo-Cell International ( CCEL ) shares dropped 26% after gaining 2.1% on Monday. Agape ATP Corporation ( ATPC ) stock lost 23%, eating into a 56% gain the previous session. LMP Capital and Income Fund ( SCD ) dropped 21%, adding to a slight loss on Monday. Shares of Greenpro Capital ( GRNQ ) fell 21%, piling on to a nearly 33% loss the previous session.