Trading on Wall Street was quietly mixed early today ahead of a set of highly anticipated earnings reports from some of the nation’s biggest retailers, the Associated Press reports. Futures for the S&P 500 rose just 0.1% before the bell, while futures for the Dow Jones Industrial Average fell back 0.1%.
Walmart, Target, Lowe’s, and The Gap all report earnings this week and should provide analysts another perspective on how American consumers are spending ahead of the holiday season.
Shares of Elon Musk’s Tesla jumped 5.7% in premarket trading today after Bloomberg News reported that the incoming Trump administration is prioritizing loosening regulations for self-driving vehicles.
Chipmaker Nvidia fell 2.2% on reports that some of its AI chips have been overheating. Nvidia reports its latest earnings on Wednesday.
In other dealings early today, U.S. benchmark crude oil added 35 cents to $67.37 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude climbed 47 cents to $71.51 per barrel.
The dollar climbed to 155.31 Japanese yen from 154.54 yen late Friday.
