US stock futures are experiencing a downward trend in Friday's premarket session as investors await significant retail sales data. The Dow Jones Industrial Average futures dropped 0.3%, S&P 500 futures decreased by 0.5%, and Nasdaq futures fell by 0.7%. Meanwhile, oil prices showed a slight decline, with the front-month global benchmark North Sea Brent crude down 0.4% to $72.30 per barrel and US West Texas Intermediate crude down 0.3% to $68.50 per barrel. The monthly retail and core retail sales figures are scheduled for release at 8:30 am ET.
Retail sales projections indicate a slowdown to 0.3% from 0.4% in September, whereas core retail sales are anticipated to decelerate to 0.3% from 0.5% as indicated by Bloomberg. In the equity markets, shares of Arena Group surged by an astonishing 252% following a report revealing the company’s first profitable quarter ever in Q3.
Beneficient experienced a 63% increase in its shares after announcing profitability in fiscal Q2 of 2025. Additionally, shares of Greenidge Generation rose by 46% after a New York judge reversed the state’s previous denial of its application for the renewal of a Title V Air Permit. Conversely, TSS, Inc.
witnessed a significant drop in its shares by 36% after a modest gain the previous day. Quantum Computing faced a 29% decline after disclosing an agreement for a registered direct offering of 16 million shares of common stock at $2.50 per share, aiming for gross proceeds of $40 million. Independent Bank Corporation shares fell by 26%, compounding a minor loss from the prior session..