Stocks rise modestly on positive corporate reports

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Wall Street pointed modestly higher today, according to the Associated Press. Futures for the Dow Jones industrials rose 0.2% before the bell, while S&P 500 futures rose 0.3%.

In early trading, Levi Strauss jumped 12.3% before the bell after the jeans maker beat Wall Street’s first-quarter sales and profit forecasts and raised its 2024 profit guidance.

Also beating analysts’ forecasts was Conagra, the packaged food giant. Shares of the Chicago-based maker of Duncan Hines and Banquet products rose 3.2% in premarket after it posted results today.

In energy trading, benchmark U.S. crude fell 3 cents to $85.40 per barrel. Brent crude, the international standard, was up 2 cents to $89.37 per barrel.

In currency trading, the U.S. dollar edged up to 151.75 Japanese yen from 151.65 yen.

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