Wall Street pointed toward modest gains early today after storming to records a day earlier, the Associated Press reports. Futures for the S&P 500 rose 0.3% before the bell, and the Dow Jones Industrial Average ticked up 0.2%
Investors pored over a deluge of mixed corporate earnings reports as they prepared to turn their attention to the Federal Reserve’s decision on interest rates, due later today.
Lyft jumped close to 24% in extended trading overnight after the ride-hailing app breezed past Wall Street’s sales and profit expectations and raised its forecast for the fourth quarter and full year.
Chipmaker Qualcomm climbed 7% and beat analysts’ forecasts after its third-quarter net income nearly doubled from the same period a year ago. Arm Holdings also beat Wall Street targets, but the British chipmaker’s guidance disappointed investors and its shares fell 6.5% before the bell.
Match Group tumbled 14% after the dating app brand missed revenue targets as its most popular app, Tinder, continued to underperform.
U.S. benchmark crude oil shed 75 cents to $70.94 per barrel. Brent crude, the international standard, lost 58 cents to $74.34.
The U.S. dollar weakened against the Japanese yen, slipping to 153.86 yen from 154.62 yen.
