Wall Street rose to modest gains before the bell today as markets try to claw back some of this week’s losses, according to the Associated Press. Futures for the S&P 500 rose 0.3% before the bell, while futures for the Dow ticked up 0.1%.
A flurry of mixed results this week from big U.S. retailers has signaled the end of earnings season, though a smattering of companies are still posting results.
Deckers Outdoor, the owner of Ugg boots and Teva sandals, jumped 10.5% in early trading today after it blew past Wall Street’s profit targets.
Discount retailer Ross Stores climbed 6.9% before the bell after it reported stronger profit and sales than analysts expected.
Stocks broadly began pulling back from record highs earlier in the week on concerns that a strong U.S. economy will prevent the Federal Reserve from cutting interest rates any time soon.
In other trading early today, U.S. benchmark crude oil slipped 14 cents to $76.73 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 18 cents to $81.18 per barrel.
The U.S. dollar rose to 157.08 Japanese yen from 156.96 yen.
