Wall Street was slightly uneven in modest premarket trading Thursday, according to the Associated Press. Futures for the Dow Jones Industrial Average were up less than 0.1% before the bell, while the S&P 500 and Nasdaq were both down less than 0.1%.
Procter & Gamble shares were flat after the company announced in a regulatory filing that it expects to cut thousands of nonmanufacturing jobs as part of a two-year restructuring plan.
Teen discount retailer Five Below jumped 6.5% after it beat analysts’ sales and profit target last quarter. The Philadelphia company also raised its full-year sales guidance and the low end of its earnings-per-share range.
PVH Corp., formerly known as Phillips-Van Heusen, tumbled nearly 8% in premarket after it slashed its full-year profit forecast. The owner of Tommy Hilfiger and Calvin Klein pointed to tariffs as the main reason for the slimmer outlook, the latest in a long list of other major U.S. companies to do so.
In energy trading, benchmark U.S. crude gained 15 cents to $63 per barrel. Brent crude, the international standard, picked up 20 cents to $65.06 per barrel.
The U.S. dollar rose to 143.19 Japanese yen from 142.78 yen.
