Investors Await Fed Chair Powell's Jackson Hole Speech as US Futures Rise in Friday's Premarket

MT Newswires Live08-23

Investors Await Fed Chair Powell's Jackson Hole Speech as US Futures Rise in Friday's Premarket US stock futures are trending moderately higher in Friday's premarket session as investors eagerly await...

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According to Bloomberg, forecasters expect new home sales to rise to 624,000 for the month from 617,000 in July.Dow Jones Industrial Average futures were up 0.38%, S&P 500 futures were rising 0.53%, and Nasdaq futures were moving 0.80% higher.Oil prices were sharply higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 1.48% and 1.63% respectively.In equities, shares of French semiconductor company Sequans Communications (SQNS) soared 145% in the premarket session after Qualcomm (QCOM) said Friday that its Qualcomm Technologies subsidiary has agreed to acquire Sequans' 4G Internet of Things technologies for $200 million. Momentus (MNTS) shares jumped 107%, following a nearly 2% gain on Thursday, and shares of Portage Biotech (PRTG) surged 74% after also rising 2% the previous session.On the losing side, shares of U-BX Technology (UBXG) plummeted 77%, adding to a 7% loss from the previous session. Red Robin Gourmet Burgers (RRGB) shares tumbled 17% after reporting Friday that its adjusted loss nearly doubled in Q2. Shares of GD Culture Group (GDC) fell 16%, following a 98% gain on Thursday.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461659814"}