Wall Street drifted slightly higher early today, according to the Associated Press, a day after markets rallied on hints that inflation is subsiding. Futures for the Dow Jones industrials and the S&P 500 each rose less than 0.1% before the bell.
The meme stock rollercoaster stretched into another day with AMC Entertainment and GameStop both falling more than 15% in premarket.
Walmart jumped 4.5% after the nation’s largest retailer posted another quarter of strong results, with sales and profit beating Wall Street forecasts.
Zurich-based Chubb continued to rally after Warren Buffett’s Berkshire Hathaway revealed a new $7 billion stake in the global insurer.
Deere skidded 5.6% before markets opened after the company lowered its full-year profit forecast, expecting farmers to buy fewer tractors and other equipment due to declining crop prices.
In other trading early this morning, U.S. benchmark crude oil ticked up 2 cents to $78.65 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, was unchanged at $82.75 per barrel.
The U.S. dollar was stable at 154.88 Japanese yen.
