Wall Street leaned toward losses before the opening bell today as more earnings reports poured in, the Associated Press reports. Futures for the S&P 500 fell 0.2% before the bell, while futures for the Dow Jones Industrial Average were close to unchanged. The tech-heavy Nasdaq was down 0.3%.
Southwest Airlines and American Airlines tumbled early today after reporting a steep drop in second-quarter profit despite higher revenue.
Ford Motor Co. fell more than 13% in the premarket after it reported late Wednesday that second-quarter net income fell 4.7% as its combustion-engine unit posted a pretax loss because of rising warranty and recall costs.
Warner Bros. Discovery was reeling from the NBA’s rejection of its $1.8 billion per year offer to continue its longtime relationship with the league. It fell 4.6% in off-hours trading following Wednesday’s announcement.
Hasbro jumped 9.4% after the toy and game maker posted strong financial results that easily surpassed Wall Street expectations.
In energy trading, benchmark U.S. crude lost $1.26 to $76.33 per barrel. Brent crude, the international standard, fell $1.25 to $79.57 per barrel.
In currency trading, the U.S. dollar edged down to 152.65 yen from 153.89 yen.
