08:14 AM EDT, 05/31/2024 (MT Newswires) -- US stock futures trend modestly lower in Friday's premarket activity as investors await the release later in the morning of important inflation data for April.

The Dow Jones Industrial Average futures were off 0.1%, S&P 500 futures were down 0.2%, and Nasdaq futures were moving 0.3% lower.

Oil prices were mixed, with front-month global benchmarks Brent crude rising 0.1% and West Texas Intermediate crude marginally down.

Annual personal consumption expenditure data for April, which is slated to be released at 8:30 a.m. ET, is expected to remain unchanged at 2.7%, according to Investing.com.

On the winning side, shares of Nuburu ( BURU ) jumped more than 62% in recent Friday premarket activity, more than recovering from Thursday's nearly 12% loss. Novo Integrated Sciences ( NVOS ) shares surged 60% after the company said late Thursday that it received confirmation that HSBC ( HSBC ) issued a Ready, Willing, and Able for delivery by Swift MT 760 of a standby letter of credit. Shares of Latam Logistic Properties (LPA) advanced 21%, adding to a 684% gain from the previous session.

On the losing side, shares of Sify Technologies ( SIFY ) fell 37%, wiping out an 8% gain on Thursday. Summit Therapeutics' ( SMMT ) shares tumbled 29%, after soaring 272% the previous session. Shares of MongoDB ( MDB ) fell 22% after the company reported late Thursday fiscal Q2 and 2025 guidance that fell short of analyst forecasts.