Wall Street drifted toward gains before markets opened today, according to the Associated Press, as more corporate earnings are giving investors a break from fretting about if and when the Federal Reserve might cut interest rates. Futures for the Dow Jones industrials rose 0.6% before the bell, while futures for the S&P 500 inched up 0.2%.
Shares of UnitedHealth Group jumped 7.6% in off-hours trading after the health care giant beat Wall Street’s first-quarter sales and profit targets.
Concert promoter Live Nation tumbled more than 8% after The Wall Street Journal reported that the U.S. Department of Justice was planning to file an antitrust suit next month against the parent company of Ticketmaster.
Tesla was on track for a third straight day of declines, falling another 2.6% before the bell.
Dr. Martens shares skidded more than 30% before trading was halted on the London Stock Exchange.
In the oil market, a barrel of U.S. crude for May delivery slipped 34 cents to $85.07 per barrel in electronic trading on the New York Mercantile Exchange. It fell 25 cents to $85.41 on Monday as political leaders urged Israel not to retaliate after Iran’s attack on Saturday involving hundreds of drones, ballistic missiles, and cruise missiles.
Brent crude, the international standard, shed 32 cents to $89.78 per barrel. It eased 35 cents to $90.10 per barrel on Monday.
