Adrian Johnson
TLDR:
- U.S. stock index futures were subdued as investors awaited economic data
- Top gainers premarket included Li-Cycle Holdings, Barnes & Noble Education, and MariaDB PLC
- Top losers premarket included Enviri Corp, WideOpenWest Inc, and Altice USA
On March 13, 2024, U.S. stock index futures were subdued as investors awaited a slew of economic data, including producer prices and retail sales numbers, for hints on the Federal Reserve’s policy path. The top three NYSE percentage gainers premarket were Li-Cycle Holdings, Barnes & Noble Education, and MariaDB PLC, while the top three NYSE percentage losers premarket were Enviri Corp, WideOpenWest Inc, and Altice USA.
The top three Nasdaq percentage gainers premarket were NuCana plc, ShiftPixy, and Minim, while the top three Nasdaq percentage losers premarket were Nexttrip, Luna Innovations, and Intel Corp. Li-Cycle Holdings saw a significant increase of 20.9% premarket, fueled by Glencore’s boost in investment. Other notable premarket movements included Tesla Inc falling as Wells Fargo downgraded the company and crypto stocks rising as bitcoin soared to a record high.
Overall, the premarket activity in various stocks was driven by a mix of company-specific news and broader market trends, with investors keeping a close eye on economic indicators and policy updates from the Federal Reserve.
