Wall Street was flat in premarket trading, and oil prices slid again today, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average were unchanged before the opening bell as corporate earnings continued to pour in.
Troubled airplane manufacturer Boeing rose 1% after it said in regulatory filings that it could raise up to $25 billion over the next three years as it tries to steady its financial standing.
Walgreens Boots Alliance jumped 5% after the drugstore chain said it plans to close about 1,200 locations over the next three years in an attempt to turn around its struggling U.S. business.
Chipmaker Wolfspeed climbed more than 27% in off-hours trading after the Biden-Harris administration announced today that it plans to provide up to $750 million in direct funding to the company. The money will support its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips.
UnitedHealth posted sales and profit that beat analyst expectations, but the insurer lowered the top end of its earnings-per share guidance for the year, sending shares down 3.5% before markets opened.
U.S. benchmark crude dropped $3.17, or 4.3%, to $70.66 per barrel. Brent crude, the international standard, slipped $3.08 to $74.38 per barrel.
The dollar fell to 149.38 Japanese yen from 149.83 yen.
