Wall Street drifted modestly lower before the opening bell with uncertainty over global trade, according to the Associated Press. This week is one of the busiest for earnings from major corporations this quarter and will bring a raft of economic indicators. Futures for the S&P 500 dropped 0.2% Monday, while futures for the Dow Jones Industrial Average ticked down 0.1%. Nasdaq futures also fell 0.2%.
Domino’s Pizza slipped 1.5% in premarket trading after its quarterly revenue came in slightly below Wall Street’s expectations. Wall Street was also caught off guard by a decline in U.S. same-store sales. Domino’s closed 25 stores abroad while opening 17 in the U.S.
Domino’s did not mention tariffs or trade policy, but corporations across multiple sectors have lowered or withdrawn their projections, citing the uncertainty created by President Donald Trump’s tariffs. Domino’s referred to the current global macroeconomic environment as “challenging.”
In energy trading, U.S. benchmark crude oil lost 31 cents to $62.71 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 30 cents to $65.50 per barrel.
In currencies, the U.S. dollar declined to 143.45 Japanese yen from 143.60 yen.
