US stocks are poised to commence higher during Friday's trading session, as investors aim to recover from a challenging week and close on an optimistic note. The Dow Jones Industrial Average futures witnessed a slight increase of 0.06%, while S&P 500 futures advanced by 0.29%. Additionally, Nasdaq futures showed a strong upward movement with a rise of 0.79%.
Oil prices are also trending upwards, with Brent crude and West Texas Intermediate crude rising by 0.29% and 0.37% respectively. In global markets, Japan's Nikkei index faced a decline of 0.95%, while Hong Kong's Hang Seng index experienced a significant drop of 2.09%. The Shanghai Composite in China also fell by 2.01%.
Conversely, Europe's afternoon session revealed a slight upturn for the UK's FTSE 100, which was up by 0.06%, along with Germany's DAX and France's CAC indices, which saw gains of 0.1% and 0.25% respectively. On the equities front, shares of TruGolf ($TRUG) soared by 58% in premarket trading on Friday, building on Thursday's 18% surge.
Loop Industries ($LOOP) saw its shares jump by 38% following their announcement of securing €10 million ($10.5 million) via a convertible preferred security financing with Reed Societe Generale Group. VCI Global ($VCIG) shares advanced by 25% in premarket trading after a nearly 5% decline in the previous session.
SPI Energy's ($SPI.US) stock rose by 27%, complementing a 14% increase from Thursday. Meanwhile, shares of Broadcom ($AVGO) climbed 18% after announcing robust fiscal Q4 results. However, not all companies fared well. Shares of Repare Therapeutics ($RPTX) plummeted nearly 40% after revealing disappointing results from a phase 1 trial for cancer drugs lunresertib and camonsertib.
Candel Therapeutics ($CADL) experienced a 34% decline following their announcement of a public offering priced to generate approximately $80 million in gross proceeds. Inovio Pharmaceuticals ($INO) saw its shares drop by 33% after pricing an underwritten public offering of shares and warrants aimed at raising $30 million.
Nuburu’s ($BURU) stock fell by 28% after a remarkable surge of 102% in the preceding session. Additionally, shares of Eagle Point Institutional Income Fund (EIIA) decreased by 20% after a minor gain on Thursday..