Wall Street pointed slightly lower early today ahead of a week that will be dominated by earnings reports from some of the nation’s biggest retailers, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average each ticked down about 0.1% before the bell.
Earnings remain a big focus this week as a key indicator on where the U.S. and global economies are headed.
Domino’s jumped 6.5% before the bell after the pizza delivery giant beat Wall Street’s sales and profit targets.
Amazon.com today officially took its position among the 30-company Dow Jones industrials, replacing drugstore operator Walgreens Boots Alliance. Uber Technologies Inc. will replace JetBlue Airways Corp. on the Dow Jones Transportation Average, allowing the index to better track the ride-sharing sector.
More economic data are due on consumer confidence, inflation, and the U.S. economy. An update on the pace of growth in the U.S. in the October–December quarter is slotted for Wednesday.
In energy trading, benchmark U.S. crude lost 42 cents to $76.07 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 39 cents to $80.41 per barrel.
In currency trading, the dollar edged up to 150.57 Japanese yen from 150.47 yen.
