Prior to the consumer confidence survey from the University of Michigan, which will be announced later this morning, US stock futures were rising on Friday in the premarket session. The final June score is expected by the market to be 63.9, up more than four points from May, according to Econoday.
Futures for the S&P 500 are up 0.34%, 0.26%, and 0.46%, respectively, as are futures for the Dow Jones Industrial Average and Nasdaq.
With Brent crude and West Texas Intermediate crude, the front-month global benchmarks, up by 0.13% and 0.04% respectively, oil prices are rising.
After learning late on Thursday that the US Food and Drug Administration had approved the sale of a predictive test to enhance care management for persons with type 2 diabetes and early-stage chronic kidney disease, Renalytix’s (RNLX) stock price increased by about 48% during premarket trading. Shares of Bright Health Group (BHG) rose 32% on the announcement that it had reached a deal to sell Molina Healthcare (MOH) for $600 million its California Medicare Advantage business.
While this was going on, shares of Paltalk (PALT) fell 20%, compounding a 14% loss on Thursday. Shares of Root (ROOT) fell 18% a day after the company declared that it has not yet received any proposals that are actionable or in the best interests of its shareholders.