|Real-time Estimate - 01/27 03:32:51 pm|
Wall Street Sees Cautiously Lower Open, Trump Impeachment Vote in Focus
|01/13/2021 | 09:16am|
Dow Jones Industrial Average futures slipped 39 points or 0.1%, S&P futures declined 8.0 points or 0.2%, and Nasdaq futures fell 29.0 points or 0.2%.
The US House of Representatives is set to vote to impeach Trump later Wednesday for stoking last week's deadly riot on Capitol Hill, with a small but significant number of Republican lawmakers expected to join the impeachment effort.
Oil prices gained, with global benchmark Brent crude up 0.04% and US West Texas Intermediate up 0.6%, after industry data showed a weekly draw in US crude stockpiles.
At 8:30 am, data showed US consumer prices rose by 0.4% in December, in-line with expectations, according to Bloomberg data, following a 0.2% uptick the previous month.
In other world markets, Japan's Nikkei closed 1% higher, Hong Kong's Hang Seng closed 0.15% lower, and China's Shanghai Composite closed 0.3% lower. Meanwhile, UK's FTSE 100 fell 0.1% and Germany's DAX index rose 0.01% in Europe's early afternoon session.
On the winning side, shares of Summit Midstream Partners (SMLP) were 41% higher pre-bell after the company said it has received a notice from the Federal Energy Regulatory Commission to proceed with the construction of its Double E Pipeline project. Acorda Therapeutics (ACOR) shares soared 73% after the company agreed to sell its Inbrija manufacturing operations for $80 million in cash. WiMi (WIMI) shares surged 36.7% after the company secured a patent for 3D holographic pulse laser processing technology.
On the losing side, Marathon Patent Group (MARA) shares fell 16.5% after the company entered into a deal to sell $250 million shares of its common stock in a direct offering. Harbor Custom Development (HCDI) shares declined 13% after the company priced a $24 million public offering. Dolphin Entertainment (DLPN) shares decreased 8.9% after the company agreed to acquire public relations firm B/HI.