Wall Street drifted lower before the opening bell today in another week packed with corporate earnings, according to the Associated Press. Futures for the S&P 500 inched down less than 0.1% before the bell, and futures for the Dow Jones Industrial Average slipped 0.2%.
CVS Health rose about 1.7% in premarket trading after its adjusted profit and revenue beat Wall Street’s targets; however, the health care giant trimmed its full-year adjusted earnings forecast, citing the possibility of higher medical costs.
Social media company Snap tumbled 31% in off-hours trading after its fourth-quarter sales fell short of analyst expectations.
Shares of New York Community Bancorp rose 7% in what is turning into a roller coaster week for the regional financial operator.
In energy trading, benchmark U.S. crude gained 57 cents to $73.88 per barrel. Brent crude, the international standard, added 59 cents to $79.18 per barrel.
In currency trading, the U.S. dollar climbed to 148.21 Japanese yen from 147.95 yen.
