Investors Look to End Week on Strong Note as US Futures Rise in Friday's Premarket

MT Newswires Live12-13

US stock futures were rising in Friday's premarket session as investors looked to end the week on a positive note.

Dow Jones Industrial Average futures were up 0.14%, S&P 500 futures gained 0.35%, and Nasdaq futures were rising 0.78%.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.64% and 0.67%, respectively.

The Baker Hughes rig count will be released Friday afternoon, which investors look to as a gauge for the oil drilling industry.

Among gaining shares, VCI Global (VCIG) jumped 40% in Friday's premarket session, following a nearly 5% loss the previous session. Loop Industries (LOOP) shares advanced 43% after it said Thursday that it secured 10 million euros ($10.5 million) through a convertible preferred security financing with Reed Societe Generale Group. And shares of TruGolf (TRUG) surged 25%, adding to Thursday's 18% gain.

On the losing side, Repare Therapeutics (RPTX) plunged 39% after it reported Thursday results from a phase 1 trial of cancer drugs lunresertib and camonsertib that disappointed investors. Candel Therapeutics (CADL) shares tumbled 31% after it said late Thursday that it priced a public offering of shares and pre-funded warrants for approximately $80 million in gross proceeds. And Inovio Pharmaceuticals (INO) dropped 30% after it priced an underwritten public offering of shares and warrants for gross proceeds of $30 million.

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