Wall Street ticked slightly higher early today as markets awaited an expected interest rate cut by the U.S. Federal Reserve, the Associated Press reports. Futures for the S&P 500 and the Dow Jones industrials were each up less than 0.1% before the bell.
Tupperware Brands fell 7.5% overnight after the Orland food storage company filed for Chapter 11 bankruptcy protection. The company — which had a brief resurgence during the COVID-19 pandemic — plans to continue operating and will seek court approval for a sale.
Consumer-facing genetics research company 23andMe Holding Co. tumbled more than 9% after seven independent directors resigned from the board. Shares of 23andMe, which has yet to turn a quarterly profit since going public in 2021, are trading for about 31 cents apiece.
Microsoft announced that it was partnering with asset management company Blackrock and technology investor MGX to raise $30 billion for new and expanded data centers to meet demand for computing power used in artificial intelligence applications. Shares of Microsoft and Blackrock were largely unchanged in premarket.
In energy dealings, benchmark U.S. crude declined 51 cents to $69.45 per barrel. Brent crude, the international standard, fell 50 cents to $73.20 per barrel.
The dollar slipped to 141.90 Japanese yen from 142.34 yen.
Â
