Trading on Wall Street was mixed early today, according to the Associated Press, as markets try to hold on to the thin gains made so far in what’s been an up-and-down week. Futures for the S&P 500 gained 0.1% before the bell, while futures for the Dow Jones Industrial Average ticked down 0.1%.
Thursday’s economic reports helped send Treasury yields lower in the bond market. The yield on the 10-year Treasury fell to 4.24% from 4.27% late Wednesday.
Treasury yields have been swiveling. Stronger-than-expected reports on inflation, the job market, and the overall economy have forced traders on Wall Street to delay their forecasts for when the Federal Reserve will begin cutting interest rates.
Technology manufacturer Applied Materials was among the premarket gainers this morning, jumping more than 11% after posting better sales and profit than Wall Street was projecting.
Dropbox tumbled close to 11% in off-hours trading after the cloud storage company issued weak guidance for the first quarter, despite beating analysts’ fourth-quarter sales and profit targets.
Yelp, the online business review site, fell more than 9% before the bell after it missed profit forecasts late Thursday.
In other trading today, U.S. benchmark crude oil shed 54 cents to $77.49 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up 71 cents to $82.15 per barrel.
The U.S. dollar rose to 150.24 Japanese yen from 149.94 yen.
