Investors Parse Jobs Data, Look Ahead to Inflation Report as US Futures Rise Pre-Bell

MT Newswires Live
Yesterday

US stock futures are tracking higher in Wednesday's premarket session as investors dissect Tuesday's employment reports, and look ahead to Thursday's inflation reading for November.

The Dow Jones Industrial Average futures were up 0.23%, S&P 500 futures were rising 0.37%, and Nasdaq futures were 0.46% higher.

Oil prices were surging ahead of the release of weekly crude oil inventories later Wednesday, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 1.8% and 1.9% respectively.

New York Fed President John Williams is due to speak at 9:05 am ET, followed by weekly crude oil stocks inventories at 10:30 am ET, the appearance by Atlanta Fed President Raphael Bostic at 12:30 pm ET.

In equities, DBV Technologies (DBVT) shares were up 35% in recent Wednesday premarket activity, after the company said overnight its phase 3 trial for its Viaskin peanut patch to treat peanut allergic children aged four to seven years met its primary endpoint.

Hut 8 (HUT) stock was up 22%, after the company said it has collaborated with Anthropic and Fluidstack to accelerate the launch of hyperscale AI infrastructure in the US.

Shares of Autozi Internet Technology (AZI) were rising 16% after it reported Wednesday that CDIB Capital International plans to invest approximately $300 million in the company.

On the losing side, shares of The Children's Place (PLCE) plunged 33% after it reported after hours Tuesday that its fiscal Q3 earnings swung to a loss.

Kyverna Therapeutics' (KYTX) shares were down nearly 17% following the launch of a $100 million offering of common shares. The company said late Monday it plans to grant a 30-day overallotment option to the underwriters to acquire up to an additional $15 million of the shares.

And shares of AMC Robotics (AMCI) stock were down 19%, following Tuesday's rally.

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