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Investors Await Key Inflation Data for April as US Futures Remain Flat in Wednesday's Premarket
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Investors Await Key Inflation Data for April as US Futures Remain Flat in Wednesday's Premarket
May 15, 2024 5:35 AM

08:11 AM EDT, 05/15/2024 (MT Newswires) -- US stock futures were flat in Wednesday's premarket session as investors anxiously await key inflation data later in the morning.

The Dow Jones Industrial Average futures were up 0.01%, S&P 500 futures gained 0.02%, and Nasdaq futures were off 0.02%.

Oil prices were moving lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.69% and 0.67% respectively.

The core consumer price index for April is set for release by the Bureau of Labor Statistics at 8:30 a.m. ET and is expected to increase 0.3% on the month, according to Bloomberg and Investing.com, compared with a 0.4% rise in March. On an annual basis, inflation is expected to rise 3.4% from a year earlier, compared with an annual 3.5% rise in March.

On the winning side, shares of Sintx Technologies ( SINT ) soared 122% in Wednesday's premarket session, adding to a 42% gain on Tuesday. Faraday Future Intelligent Electric ( FFIE ) shares stock jumped 109%, piling on to a massive 368% gain from the previous session. Shares of Greenwave Technology Solutions ( GWAV ) surged 58%, adding to a nearly 7% gain on Tuesday.

On the losing side, shares of Virpax Pharmaceuticals ( VRPX ) plunged 45%, adding to a 20% loss from the previous session. Shares of Bolt Biotherapeutics ( BOLT ) fell 31% after it was downgraded Wednesday by several analyst firms. DLocal ( DLO ) shares tumbled 30% after it reported Q1 earnings Wednesday that missed analyst forecasts.

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