Markets drift higher with more earnings on horizon

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U.S. shares were set to drift higher this morning, with futures for the Dow Jones Industrial Average rising 0.3% to 39,593.00 and S&P 500 futures adding 0.4% to 5,391.75, according to the Associated Press.

Shares of Home Depot slipped 3% before the opening bell today as the company trimmed its 2024 outlook.

Several major U.S. companies report their earnings results later in the week. Most big U.S. companies have been reporting better profits than analysts expected.

In energy trading, benchmark U.S. crude fell 40 cents to $79.66 per barrel. Brent crude, the international standard, declined 42 cents to $81.88 per barrel.

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The U.S. dollar rose to 147.74 yen from 147.17 yen.

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