US Futures Modestly Lower Ahead of Key Retail Sales Data

MT Newswires Live11-15

US stock futures are trading lower in Friday's premarket session ahead of the release of key retail sales figures.

Dow Jones Industrial Average futures were off 0.3%, S&P 500 futures were down 0.5%, and Nasdaq futures were 0.7% lower.

Oil prices were moving marginally lower, with front-month global benchmarks North Sea Brent crude down 0.4% at $72.30 per barrel and US West Texas Intermediate crude declining 0.3% at $68.50 per barrel.

Monthly retail and core retail sales figures will be released at 8:30 am ET. Retail sales are expected to decelerate to 0.3% from 0.4% in September, while core retail sales are expected to decelerate to 0.3% from 0.5%, according to Bloomberg.

In equities, shares of the Arena Group (AREN) skyrocketed 252% after it reported late Thursday that it swung to a profit in Q3, which it said is its first profitable quarter ever. Beneficient's (BENF) shares soared 63% after it reported Thursday that it swung to a profit in fiscal Q2 of 2025. Greenidge Generation's (GREE) stock jumped 46% after it said Friday that a New York judge overturned the New York State Department of Environmental Conservation's denial of its application for renewal of a Title V Air Permit.

On the losing side, shares of TSS, Inc. (TSSI) plunged 36% after a 1% gain on Thursday. Quantum Computing's (QUBT) shares tumbled 29% after it said late Thursday it has agreed to a registered direct offering of 16 million shares of common stock at $2.50 per share for gross proceeds of $40 million. And shares of Independent Bank Corporation (IBCP) shed 26%, adding to a slight loss the previous session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment