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US futures decline as inflation concerns weigh on markets

US stock futures fell during Friday’s pre-market session, continuing their slide after a stronger-than-expected inflation report.

Dow Jones Industrial Average futures are down 0.8%, S&P 500 futures are down 0.8% and Nasdaq futures are down 0.9% .

Oil prices rose, with global first-month benchmark Brent crude futures up 1.2% and West Texas Intermediate crude up 0.92%.

Shares of Applied Optoelectronics, Inc. (AAOI) jumped 30% in the premarket session, after the company announced Thursday evening that it had agreed to sell its manufacturing facilities in China and certain assets related to its transceiver business for $150 million. Shares of China Liberal Education Holdings (CLEU) rose 19%, continuing their gains from Thursday.

Shares of Esports Entertainment Group, Inc. (GMBL) fell 42% after falling 23% on Thursday. Shares of FedEx Corporation (FDX) fell 20% after the company announced lower preliminary results for the fiscal first quarter. And shares of Comera Life Sciences Holdings, Inc. (CMRA) fell 19% after it filed a prospectus Thursday for a secondary offering of up to 5 million common shares.

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