Wall Street Set to Open Lower Friday as Investors Look to End Losing Week Streak

, MT Newswires -  9:28 AM ET 3/21/2025 US Markets

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09:28 AM EDT, 03/21/2025 (MT Newswires) -- US stocks look set to open lower in Friday's trading session but are still in a position to close out the week higher for the first time in over a month.

The Dow Jones Industrial Average futures were down 0.8%, S&P 500 futures lost 0.9%, and Nasdaq futures fell 1.1%.

Amid a relatively quiet day for economic news, investors are looking ahead to the Baker Hughes rig count and the Commodity Futures Trading Commission's weekly commitments report coming out later in the day to gauge where oil prices may be heading.

Oil prices were lower, with front-month global benchmarks Brent crude and West Texas Intermediate crude declining 0.4% and 0.3% respectively.

In other world markets, Japan's Nikkei was off 0.2%, Hong Kong's Hang Seng plunged 2.2%, and China's Shanghai Composite fell 1.3%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 declined 0.6%, while Germany's DAX dropped 1% and France's CAC 40 was 0.9% lower.

In equities, Allurion Technologies' ( ALUR/WS ) stock surged 75% after reporting late Thursday that initial trial results from the Allurion ( ALUR/WS ) balloon in combination with semaglutide showed total body weight loss and lean body mass gains. Shares of Impact BioMedical ( IBO ) jumped 53% after soaring 292% on Thursday. Patriot National Bancorp's ( PNBK ) stock advanced 43% after the company said late Thursday that Chief Executive David Lowery is leaving the company. TransCode Therapeutics ( RNAZ ) shares rose 33% after declining slightly in the previous session. Shares of a.k.a. Brands (AKA) were up nearly 20% after closing slightly higher Thursday.

On the losing side, shares of Damon (DMN) plunged 66% a day after pricing a public offering of 126.9 million units at $0.13 each. Sow Good ( SOWG ) stock tumbled 29% after swinging to a loss in Q4 and reporting lower revenue than a year earlier. TELA Bio ( TELA ) shares dropped 17% after the company reported late Thursday Q4 revenue, as well as Q1 and 2025 revenue guidance that missed analyst forecasts. Shares of CFSB Bancorp ( CFSB ) were down 19%, adding to a 3.1% loss on Thursday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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