Wall Street pointed modestly higher early Tuesday ahead of new data on inflation and the kickoff to earnings season, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average each ticked up 0.3% before the bell.
KB Homes jumped more than 9% in premarket after the homebuilder beat Wall Street’s fourth-quarter sales and profit targets as revenue grew 19% to $2 billion in the period. Even as mortgage rates remain elevated, KB said it expects strong demand to push 2025 revenue above $7 billion.
Signet Jewelers tumbled more than 11% early Tuesday after it reported a decline in same-store sales during the peak selling days leading up to Christmas. The retailer significantly slashed its guidance for the fourth quarter.
Shares of the mobile stock trading platform Robinhood rose less than 1% after government regulators announced on Monday that the company had agreed to pay a $45 million fine for a handful of violations, including lackadaisical reporting of suspicious activity and weak identity theft protection policies.
Benchmark U.S. crude lost 16 cents to $78.66 per barrel. Brent crude, the international standard, fell 26 cents to $80.75 per barrel.
The U.S. dollar edged up to 157.89 Japanese yen from 157.48 yen.
Bitcoin is bouncing back this week after falling nearly 6% in the past month. The crypto currency was up 3% Tuesday.
