Trading on Wall Street was quietly mixed before the opening bell today as markets hovered around record highs, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average were essentially unchanged from Tuesday’s close.
KB Home tumbled more than 6% in premarket after the homebuilder missed Wall Street profit expectations as demand softened early in the summer. The Los Angeles company noted that orders picked up in August as mortgage rates came down.
SAP fell 2.3% after Bloomberg News reported that the U.S. Department of Justice was investigating the German software giant for conspiring with the American company Carahsoft Technology to overcharge U.S. government agencies. Other companies are also being investigated, according to the report.
Online fashion styling service Stitch Fix slid 25% in off-hours trading after it posted a wider-than-expected fourth-quarter loss. Shares in the San Francisco company, which traded above $100 each early in the pandemic, are poised to open below $3.
U.S. benchmark crude oil was down 90 cents at $70.66 per barrel. Brent crude, the international standard, lost 79 cents to $73.68 per barrel.
The dollar rose to 144.35 Japanese yen from 143.23 yen.
