Company Profile  0-9   A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z 
  Search DR Directory
Symbol Lookup  

Company Market News

QuantaSing Group Limited (NASDAQ: QSG)
8:00 PM UTC, 04/09/25
Last: $4.00 Change: -0.17 %Change: -4.08% Volume: 832,765
Investors Await Fed Move, Inflation Data as US Futures Trend Lower in Tuesday's Premarket Session

Back

Last updated: 06/11/2024 8:16:12 AM

08:16 AM EDT, 06/11/2024 (MT Newswires) -- US stock futures were trending lower in recent premarket activity Tuesday as investors await the Federal Reserve's interest rate decision and key inflation data coming out Wednesday.

The Dow Jones Industrial Average futures were down 0.42%, S&P 500 futures were off 0.34%, and Nasdaq futures were moving 0.34% lower.

Oil prices were moving lower, with front-month global benchmarks Brent crude declining 0.09% and West Texas Intermediate crude down 0.10%.

The Fed, which kicks off its June meeting later in the day, is expected to keep rates unchanged when it announces its decision Wednesday.

And inflation data, which is also scheduled to be released on Wednesday, is expected to show that consumer prices rose 0.1% in May from April, when it increased 0.3% from the previous month, according to Investing.com. Annual rates are expected to remain unchanged at 3.4%.

On the winning side, shares of Nauticus Robotics (KITT) jumped 53%, adding to a 49% gain on Monday. ShiftPixy (PIXY) stock surged 27%, following a 2% loss the previous session. And shares of QuantaSing Group (QSG) advanced 23% after it said its board of directors authorized the repurchase of up to $20 million of its class A ordinary shares in the form of American depositary shares.

On the losing side, shares of Target Hospitality (TH) plunged 32% after it said late Monday that it has received notice that the US government will terminate the existing South Texas Family Residential Center services deal with the company's migrant programming partner. Contango Ore's (CTGO) shares tumbled 21% after the company announced late Monday a public share offering with accompanying warrants. And Big Tree Cloud's (DSY) shares shed 22% after soaring 90% on Monday.

http://www.mtnewswires.com
Copyright © 2024 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
======================================
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.




Quotes displayed with 15 minutes delay. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. News provided by MT Newswires, a Division of MidnightTrader, Inc. Events Data provided by Wall Street Horizon. ©2021 Wall Street Horizon, Inc.