Wall Street mostly inched higher early today, the Associated Press reports, as markets try to extend their recent winning streak ahead of a highly-anticipated speech from Federal Reserve Chair Jerome Powell later in the week. Futures for the S&P 500 were up 0.1%, while futures for the Dow Jones Industrial Average were little changed.
Shares of Hawaiian Holdings jumped 11.3% in premarket trading after the parent company of Hawaiian Airlines said its merger with Alaska Air cleared a major regulatory hurdle. The companies announced late Monday that the Department of Justice’s review period for the merger had expired, effectively clearing the way for the two companies to join forces upon completion of other closing requirements.
Shares in Lowe’s fell modestly, less than 1%, after the hardware store chain beat profit expectations but missed sales targets and lowered its full-year guidance.
In the bond market, the yield on the 10-year Treasury was steady at 3.87%, while the two-year ticked back to 4.05%.
In energy trading, benchmark U.S. crude picked up 10 cents to $73.76 per barrel. Brent crude, the international standard, gained 11 cents to $77.77 per barrel.
The yen briefly approached 145 against the U.S. dollar on Monday but then pulled back and traded at 146.33 on Tuesday.
