Wall Street posted small gains in early trading today as markets try to close out another up-and-down week on the positive side, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average each rose less than 0.2% before the bell.
Markets have bounced around between small gains and losses this week on a series of mixed economic data.
In off-hours equity trading, software maker Adobe tumbled 11.2% after it gave tepid guidance, even though it beat Wall Street’s sales and profit targets.
It was a similar story for Ulta Beauty, the cosmetics retailer, which topped analysts’ sales and profit forecasts but issued guidance that left investors wanting. Its shares slid 7.2% before the bell today.
In the bond market, Treasurys leveled off somewhat after Thursday’s rise, with the 2-year holding at 4.69% and the 10-year coming back down to 4.27% from 4.29%.
In other trading early this morning, U.S. benchmark crude oil lost 47 cents to $80.79 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up 45 cents to $84.97 per barrel.
The U.S. dollar rose to 148.67 Japanese yen from 148.32 yen.
