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Wall Street Set to Open Shortened Week Lower Tuesday as Investors Await Manufacturing Data
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Wall Street Set to Open Shortened Week Lower Tuesday as Investors Await Manufacturing Data
Sep 3, 2024 8:12 AM

09:10 AM EDT, 09/03/2024 (MT Newswires) -- US stocks look set to open the shorted week lower in Tuesday's trading session following the Labor Day holiday, as investors await manufacturing data coming out later in the morning.

The Dow Jones Industrial Average futures were down 0.48%, S&P 500 futures were declining 0.45%, and Nasdaq futures were moving 0.56% lower.

Oil prices were tumbling lower, with front-month global benchmarks Brent crude and West Texas Intermediate shedding 3.50% and 2.98% respectively.

In other world markets, Japan's Nikkei nudged 0.04% lower, Hong Kong's Hang Seng was off 0.23%, and China's Shanghai Composite declined 0.29%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was down 0.63%, while Germany's DAX was down 0.43% and France's CAC was off 0.29% each.

On the winning side, shares of Sify Technologies ( SIFY ) soared 140% in recent Tuesday premarket activity after it said Monday that it has been certified to offer liquid cooling technology for Nvidia ( NVDA ) data centers. Auddia's ( AUUD ) stock surged 65% after it said Tuesday that it launched interfaces for both Apple ( AAPL ) CarPlay and Android Auto for its Faidr mobile application. Vaxcyte's ( PCVX ) shares jumped 31% after it reported positive topline results Tuesday from a phase 1/2 study evaluating VAX-31 to prevent invasive pneumococcal disease. And shares of Aptose Biosciences ( APTO ) advanced 16% after it said Friday that it received a $10 million loan under a facility agreement with Hanmi Pharmaceutical.

On the losing side, shares of Dyne Therapeutics ( DYN ) plunged 33% after it said Tuesday that Chief Business Officer Jonathan McNeill and Chief Operating Officer Susanna High resigned. SU Group's ( SUGP ) stock tumbled 13%, adding to an 11% loss on Friday. Shares of Global-E Online's ( GLBE ) fell 1.5%, after a 2% gain the previous session. China Jo-Jo Drugstores' ( CJJD ) stock lost 5%, after rising 7% on Friday. And shares of Agape ATP ( ATPC ) tumbled 16%, after it surged 60% on Friday.

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