Wall Street ticked modestly lower before markets opened today with a full slate of corporate earnings on the way, the Associated Press reports. Futures for the S&P 500 fell less than 0.1% before the bell, while futures for the Dow Jones Industrial Average fell 0.3%.
Shares of McDonald’s fell 2.3% despite beating Wall Street sales and profit targets as its $5 value meals helped draw inflation-weary customers. It remains to be seen how a recent E. coli outbreak will impact the burger chain’s sales in the current quarter.
D.R. Horton sank 9.6% and dragged down other homebuilders after its fourth quarter sales and profit declined.
Ford slid 5.5% overnight after the automaker reported a big decline in profit late Monday as it took a $1 billion charge for a canceled three-row electric SUV. Ford’s net profit fell 26%, and the company lowered its full-year earnings guidance.
Shares of the shoemaker Crocs tumbled more than 10% with disappointing guidance overshadowing a very strong quarter.
Shares of Trump Media & Technology Group Corp. jumped 20% early today with one week remaining before Election Day.
Stock in energy producers has been under pressure, falling in tandem with oil and gas prices. Benchmark U.S. crude rose 87 cents to $68.25 per barrel one day after the worst sell-off in two years. Brent crude, the international standard, added 84 cents to $71.84 per barrel.
The U.S. dollar gained to 153.67 Japanese yen from 153.23 yen.
