Lobo Ev Technologies Ltd. Reaches $6 Million Agreement To Supply 5000 Electric Vehicles To Usa Market

US stocks look set to open mixed Tuesday as inflation data released earlier in the morning came in lower than expected.

Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were up marginally at 0.03%, and Nasdaq futures were rising 0.2%.

Oil prices were moving higher, with front-month global benchmarks North Sea Brent crude up 1.2% at $65.76 per barrel and US West Texas Intermediate crude up 1.4% at $62.83 per barrel.

In other world markets, Japan's Nikkei surged 1.4%, Hong Kong's Hang Seng tumbled 1.9%, and China's Shanghai Composite was up 0.2%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.01%, while Germany's DAX gained 0.2%, France's CAC 40 increased 0.2%, and Spain's IBEX 35 rose 1%.

Annual inflation in April measured by the consumer price index slowed to 2.3% from 2.4% in March, while analysts expected the CPI to remain unchanged, according to Bloomberg. And monthly inflation accelerated to 0.2% from a decline of 0.1% the previous month, which was just below the analyst forecast of 0.3%

In equities, shares of Lobo EV Technologies soared 143%, adding to a 7.4% gain on Monday. CNS Pharmaceuticals shares shot up 103% after it said Tuesday it has successfully acquired Orphan Drug Designation for TPI 287, which treats gliomas, pediatric neuroblastoma, and progressive supranuclear palsy. Lichen International's L stock surged 66%, adding to a 5.1% gain the previous session. Landsea Homes advanced 60% after it agreed to be acquired by Apollo Global Management for $1.2 billion in cash. And shares of XChange TEC.INC climbed 33%, adding to an 18% gain on Monday.

On the losing side, shares of Sangoma Technologies shed 27% adding to a 2.4% loss the previous session. Shares of 3D Systems Corporation tumbled 28% after it reported late Monday a wider Q1 loss and lower revenue from a year earlier that also missed analyst expectations. Accelerate Diagnostics' stock dropped 15% after it said in a regulatory filing late Monday that it has been delisted from the Nasdaq stock market because it filed for bankruptcy last week. GIBO Holdings' G stock dropped 10%, piling on to a 26% loss the previous session. And shares of Marwynn M were down 12%, eating into Monday's 24% gain.

US stock futures are lower in Tuesday's premarket session as investors look ahead to key inflation data coming out later in the morning.

The Dow Jones Industrial Average futures were down 0.61%, S&P 500 futures were off 0.26%, and Nasdaq futures were losing 0.15%.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.79% and 0.90% respectively.

The US Bureau of Labor Statistics will release the annual and monthly Consumer Price Index report for April later this morning. Compared with March, the annual CPI is expected to remain flat at 2.4%, while the monthly CPI is expected to rise 0.3% after declining 0.1%, according to Bloomberg.

In equities, shares of Lobo EV Technologies soared 191%, adding to a 7.4% gain on Monday. CNS Pharmaceuticals shares shot up 111% after it said Tuesday that it has successfully acquired Orphan Drug Designation for TPI 287, which treats gliomas, pediatric neuroblastoma, and progressive supranuclear palsy. And Lichen International's L stock surged 89%, adding to a 5.1% gain the previous session.

On the losing side, shares of 3D Systems Corporation tumbled 24% after it reported late Monday a wider Q1 loss and lower revenue from a year earlier that also missed analyst expectations. GIBO Holdings' G stocks dropped 19%, piling on to a 26% loss the previous session. And shares of Northern Technologies International fell 18% after a 1.1% gain on Monday.