financetom
Market
financetom
/
Market
/
US Stock Futures Flat Ahead of Powell Speech After Reaching Record Highs on Thursday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Stock Futures Flat Ahead of Powell Speech After Reaching Record Highs on Thursday
Mar 22, 2024 5:39 AM

08:24 AM EDT, 03/22/2024 (MT Newswires) -- US stock futures were flat in Friday's premarket session after equity indexes closed at record highs on Thursday, as investors awaited Federal Reserve Chairman Jerome Powell's speech, scheduled for 9:00 am ET.

Powell will deliver the opening remarks at a Fed Listens event in Washington on the topic of transitioning to a post-pandemic economy.

Dow Jones Industrial Average futures were nudging 0.03% lower, S&P 500 futures were off 0.07%, and Nasdaq futures were down 0.18%.

The Baker Hughes North American rig count, which tracks weekly changes in the number of active operating oil and gas rigs, is slated for release at 1 pm ET.

Oil prices were moving slightly lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.09% and 0.07%, respectively.

On the winning side, shares of Nova LifeStyle (NVFY) jumped 72% in recent Friday premarket activity, adding to a 22% gain on Thursday. Biolase ( BIOL ) shares surged 52% a day after it reported a narrower Q4 net loss from a year earlier.

On the losing side, shares of Ispire Technology ( ISPR ) plunged 27% after it said Friday it launched a public offering of about 2.1 million shares at $6 each for gross proceeds of $12.3 million. FinWise Bancorp ( FINW ) shares tumbled 10%, adding to a 2% loss on Thursday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2024 - www.financetom.com All Rights Reserved