Investors Await New Home Sales, GDP Data as US Futures Mixed in Wednesday's Premarket
US stock futures were mixed in Wednesday's premarket session, ahead of new home sales data set to be released later this morning, and the Commerce Department's final reading of Q1 economic growth coming out on Thursday.
The Dow Jones Industrial Average futures were down 0.23%, S&P 500 futures were off 0.05%, and Nasdaq futures were up 0.10%.
Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.59% and 0.63% respectively.
In equities, shares of Syntec Optics (OPTX) soared 219% in Wednesday's premarket session, after a 1.7% gain on Tuesday. Anew Medical's (WENA) stock surged 142% after it said Wednesday that it received a patent in Europe for its Klotho gene sequence and gene delivery systems to treat diminished cognition, memory loss, dementia, and other neurodegenerative diseases. And shares of Rivian Automotive (RIVN) jumped 40% after German automaker Volkswagen said late Tuesday that it will invest up to $5 billion in the electric vehicle maker.
On the losing side, shares of GRI Bio (GRI) plunged 9% after it said in a regulatory filing Wednesday that it plans to launch an offering of stock and warrants. Shares of Sypris Solutions (SYPR) dropped 16%, adding to a 1% loss from Tuesday.
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