Wall Street Set to Open Lower Friday as Investors Analyze Higher Than Expected Producer Prices; Oil Prices Surge

09:28 AM EST, 02/27/2026 (MT Newswires) -- US stocks look set to open lower in Friday's trading session as investors analyze higher-than-expected wholesale prices amid tech stock volatility.

The Dow Jones Industrial Average futures was little changed, S&P 500 futures declined 0.5%, and Nasdaq futures were down 1.2%.

The US Producer Price Index rose by 0.5% in January following a 0.4% increase in December, well above a 0.3% gain expected in a survey compiled by Bloomberg.

Oil prices were soaring, with front-month global benchmarks Brent crude rising 3.51% to $73.32 a barrel, while West Texas Intermediate crude was up 3.60% to $67.57 a barrel.

In other world markets, Japan's Nikkei gained 0.2%, Hong Kong's Hang Seng rose 1%, and China's Shanghai Composite increased 0.4%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.5%, Germany's DAX fell 0.2% and France's CAC was off 0.4%.

In equities, Ensysce Biosciences (ENSC) shares soared 61% pre-market Friday, erasing Thursday's loss.

Applied Optoelectronics (AAOI) stock was up 19%, a day after the company posted a narrower Q4 non-GAAP net loss and higher revenue.

Dell Technologies (DELL) stock was up almost 11% after the company reported overnight higher fiscal Q4 non-GAAP net income and revenue in addition to issuing higher-than-expected fiscal Q1 and 2027 outlook.

On the losing side, Duolingo (DUOL) shares were down 27%, a day after the company issued a lower-than-expected Q1 and 2026 revenue outlook.

CoreWeave (CRWV) shares were down 12% after the company reported Thursday a wider Q4 net loss.

Flutter Entertainment (FLUT) stock was 11% lower after the company reported overnight lower Q4 adjusted earnings.

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